Home » Black Swans » Nokia Short Seller List $NOK Apple Vulnerable? $AAPL Everyone cannot exit the room at the same time.

Nokia Short Seller List $NOK Apple Vulnerable? $AAPL Everyone cannot exit the room at the same time.

Image representing Nokia as depicted in CrunchBase

Image via CrunchBase

Here is a list of short sellers of Nokia (NYSE:NOK). They usually are long Apple (Nasdaq:NOK). So if Apple weakens some and Nokia gets a pulse watch for price action downward on Apple upward on Nokia. Everyone cannot leave the room at the same time.

Blue Ridge Capital: Short -1.34% Nokia

Coatue Management: Short -0.8% Nokia

Eton Park Capital: Short -0.95% Nokian Renkaat

Lone Pine Capital: Short -0.57% Nokia

Maverick Capital: Short -1.7% Nokia

Viking Global: Short -2% Nokia

Dichotomy here as some value investors have gone long the troubled handset maker due to valuation, while many GARP investors short the company due to its supposed market share problems.

Hedge funds often go long the ‘best of breed’ companies shorting the struggling companies in same sector.  When the struggling company gets better financial life signs. Value investors start to nibble and short strategy is no longer compelling. Short positions are ultimately bullish.

George Gutowski writes from a caveat emptor perspective. Follow him on twitter@financialskepti