Is it time to long Tiffany & Co. ?

03.04.2017 / 21:47

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Short interest peaked in December at Tiffany & Co., which has suffered from declining sales, according to IHS Markit Ltd. It has since plummeted 42 percent as the luxury chain removed Chief Executive Officer Frederic Cumenal, and sometimes-activist hedge fund Jana Partners LLC made an investment. Bearish bets fell further, to the lowest in almost a year, after the New York-based company’s fourth-quarter results last week beat analysts’ projections.

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Is it time to long Tiffany & Co. ?

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