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Loop in on LoopUp

September 2, 2021

For a small company, LoopUp Group -- market cap of $30 million -- is attracting a lot of (unwelcome) attention. The Zoom-esque software company out of the U.K. holds the dubious distinction of being the best-performing short in the hedge fund universe, according to regulatory filings.

LoopUp is in the Information Technology sector, a favorite of hedge fund managers which accounts for only -17.13% of short exposure. Further, it's a microcap, a class which accounts for only 0.47%. So that's saying a lot.

We've written previously about McPhy Energy, the short magnet LoopUp supplanted, but we should also mention Morphosys. This German biotech is trading near an all-time low, effectively dropping out of the midcap world and into the small-cap.

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