Short-Seller Targets China Stocks 'Where There Is Nothing Worth Saving'
- Wiechert’s latest short sale bet is down 13% since report
- Bonitas added five staff and plans two shorts in January
Photographer: Qilai Shen/Bloomberg
This article is for subscribers only.
Even by the standards of the vocal short sellers who have gone after Chinese companies over the past few years, Matthew Wiechert sets high targets -- or low, depending on how you look at it.
“When it comes down to the nitty gritty, I don’t care about 50 percent downsides,” Wiechert said in an interview one week before launching an attack on Chinese manufacturer Hengan International Group Co. “I care about 100 percent downsides.”