, Columnist
Hedge Funds Sense Weakness in Alibaba
The e-commerce giant has answers that shorts aren't buying.
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Alibaba sentiment has never been this high. Since listing in the U.S. more than two years ago, hedge funds are more confident than ever in their assessment of the Chinese e-commerce giant.
But it's not the stock price that's up, it's short interest. And the conclusion of hedgies and shorts is clear: Alibaba Group Holding Ltd. is set to fall. Not surprisingly, the sell-side disagrees, giving it a 40-to-0 buy-to-sell ratio, with five fence sitters.