- James Chanos counts CGI Group (GIB -1.6%) among his "largest short positions," NewsWeek reports. In a 10-page client memo, Chanos cited declining cash flow, falling new business bookings, questionable accounting practices, and the "PR mess" surrounding Healthcare.gov as reasons for his position.
- An increasing amount of investors are on board the short train: although 1.7% of shares outstanding were shorted as of Nov. 15 on the NYSE, 29.9M shares in Toronto had been sold short (almost 11% of shares outstanding), FactSet data shows.
Chanos: CGI one of "largest short positions"
Dec 4 2013, 09:57 ET