It was hard to go broke betting against robotics developer Blue Prism (LSE:PRSM) this year, with its ski slope-shaped stock chart. With its persistent operating losses, it's no wonder that it accumulated so much short interest.
But May was the month those short positions got covered, and that was prescient. The company announced first-half results June 17, reporting increased revenues and a sharply narrower loss than in the last year's first six months.
Still, it looks like JPMorgan Asset Management UK might be left holding the bag. Last year, the firm had no short position to report against PRSM. At last read, though, they had run up a 4.29% exposure. Systemetica Investments also seems to have bet the wrong way, taking a 2.09% short position.