Investors are lining up to bet that Israeli liner company Zim has further to fall, even after the stock price already has declined 73% from its record high in March.
Zim holder and “disgruntled investor” Ned Sherwood blames “the Reddit crowd” for much of the 12.41m shares held short, which equates to about 10.3% of the outfit’s 120m units outstanding and about 14.15%
