Long-short investing

SHORT-SELLING

Hedge funds pile into Nikola short positions, as e-vehicle maker’s founder resigns amid fraud allegations

Hedge funds pile into Nikola short positions, as e-vehicle maker’s founder resigns amid fraud allegations

Hedge fund short sellers are circling Nikola Corporation, the electric vehicle and component manufacturer at the centre of fraud allegations, with the Nasdaq-listed firm’s share price tipped to tumble this week following executive chairman Trevor Milton’s sudden resignation on Sunday night (20 September).