Einhorn closed J.C. Penney short in Q2 -letter


By Katya Wachtel NEW YORK, July 26 (Reuters) - Hedge fund manager David Einhorn closed a bet against ailing retailer J.C. Penney Co Inc in the second quarter and also closed a long position in software company Microsoft Corp, according to a quarterly note to investors in his Greenlight Capital. Einhorn said the short bet against J.C Penney was the $8 billion firm's "most profitable short of 2012." When a hedge fund manager is short a stock he believes the value ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×