Breaking Finance News

BREAKING- Rumors of Einhorn Short Position in Monster Beverage (MNST)

Benzinga is reporting that unconfirmed rumors are circulating the famed hedge fund manager David Einhorn has amassed a short position in Monster Beverage (NASDAQ: MNST).

Einhorn, founder and president of Greenlight Capital, is best known for his short position in Green Mountain Coffee (NASDAQ: GMCR) in October of 2011. Not long after he announced the position, the stock plunged after missing earnings expectations. Since the announcement, the stock is up about 4 percent.

This is an unconfirmed rumor.

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[stock-tools exchange="NASDAQ" symbol="MNST" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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