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Tilson says he "significantly" increased his Lumber Liquidators short position

Mar. 06, 2015 3:37 PM ETLL Flooring Holdings, Inc. (LL) StockLLBy: Carl Surran, SA News Editor9 Comments
  • Whitney Tilson says he has significantly increased his short position in Lumber Liquidators (LL -1.5%) since the damaging 60 Minutes report.
  • Tilson wrote in an email that he flagged the story for the 60 Minutes probe but did not sell or increase his position while the show conducted its own investigation.
  • The hedge fund manager says the short position now makes 3.8% of his portfolio, and that the only real threat is the potential for a short-term short squeeze.
  • Shares have hit another 52-week low today and have shed 36% this week.

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