Global Tech analyst Felix Wang’s recent short call on Vertiv (VRT) is paying off handsomely after the company announced negative earnings this week, sending the stock tumbling -13% on the news.
This non-consensus short call was met with resistance among clients, as VRT previously was “one of the most crowded long ideas among funds out there,” according to Felix. “By contrast, there was not much pushback yesterday,” said Wang.
This morning on The Call @ Hedgeye, Wang unpacked exactly what everyone else missed on this name. “We really stood out from our competition in that we were able to have a direct read on AI trends,” he said.
Wang has been short this name since July 12th, and in that short amount of time the stock has fallen over -15% with room for further downside.
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