A second short seller has built up a position in Thomas Cook as the tour operator prepares to reveal its first-half performance.
The move is effectively a bet against the success of the travel giant.
Asset management firm TT International has amassed a position worth approximately £8.8 million or around 0.65% of Cook’s value.
The company joins Silver Point Capital, which has a short worth just over £10.8 million or around 0.8% of the company. A total of 1.45% of Thomas Cook’s shares are now out on loan.
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