© Reuters.
FRANKFURT (Reuters) – Short sellers have taken bets against nearly 8% of shares in Deutsche Pfandbriefbank (PBB), filings showed on Monday morning, as the German lender’s shares and bonds come under pressure on concerns over its exposure to the U.S. commercial real estate market.
Figures in the Federal Gazette showed short sellers, whose bets speculate on a fall in a company’s share price, held positions against 7.57% of the bank’s shares.
The figure may underreport the positions because only bets of 0.5% and above are required to be publicly disclosed.
PBB declined to comment.
Handelsblatt reported over the weekend that PBB was the stock in the nation’s top share indexes that short sellers are making the greatest bets on.
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