, Columnist
Hedge Funds Give Nintendo Legs
Shorts were quick to pounce during the summer Pokemon Go craze. Now they're staying away.
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When consumers the world over started chasing Pokemon characters this summer, driving up shares of Nintendo, hedge funds were quick to hunt down short-selling opportunities.
Those who timed it right were handsomely rewarded with a 26 percent drop in the stock over two weeks, more than enough to justify their two and 20.1480294881492