Short Sellers Fear Not a 23 Year Low in $ALU

“Even as shares of Alcatel-Lucent SA (ALU) trade near a 23-year low, growing numbers of investors are betting they haven’t yet hit bottom.

The unprofitable phone-equipment maker is France’s most shorted stock, based on data compiled by Markit, a financial- information provider in London. Roughly 16 percent of Alcatel’s shares are on loan — borrowed stock is typically shorted –more than six times the European average, according to Markit.”

Full article