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Swarming Infosys shorts likely to feel pain if earnings recover
Mint Mumbai
|July 19, 2023
Bears on Indian technology bellwether Infosys Ltd may be in for a reckoning if the company's upcoming results show an expected recovery in orders.
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The open short contracts for Infosys's American depositary receipts-shares that traders have sold and not yet bought back-reached about 61 million in the 15-day period through 30 June. This is the highest level since July 2020, exchange-reported data compiled by Bloomberg shows.
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