Things Could Finally Be Looking Up for Pandora

Hedge fund Maverick has cut its short bet twice in six days
SEB says first indication of easing pressure but early days

Silver and white gold rings sit on display in the window of a Pandora A/S jewelry store in Copenhagen, Denmark, on Thursday, Sept. 12, 2013. The Danish jeweler, which has gone from stock market darling to disaster to darling again since its 2010 initial public offering, is taking a page from fast-fashion retailers like Zara, which introduces designs as often as twice a week.
Photographer: Freya Ingrid Morales/Bloomberg

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By Christian Wienberg

November 28, 2017 at 11:44 AM UTC

Updated on

November 29, 2017 at 3:01 PM UTC

This article is for subscribers only.

After a speculative attack this year wiped a third off its market value, there are signs things may finally be looking up for Pandora A/S.

Shares in the Danish jewelry maker jumped 6.3 percent on Tuesday, the most since July, following news that Maverick Capital is scaling back its short bet against the company. AQR Capital Management has also cut its short bet, according to a regulatory filing on Wednesday.