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Rumors that David Einhorn Shorting Green Mountain Coffee (GMCR)

In early trading Wednesday, shares of Green Mountain Coffee (NASDAQ: GMCR) are down 4 percent on apparent rumors that famed hedge fund manager, David Einhorn has taken a short position in the company.

Einhorn shorted the name in 2011, revealing his position at the Value Investing Congress. He criticized the company for poor transparency–changing its financial presentations from quarter to quarter which makes it difficult for investors to gain a good idea of the health of the company.

In a letter to investors in January, Einhorn said that the stock’s 74 percent climb at the time wiped out the company’s profit from the short position.

It’s unclear if he exited the trade or is now adding to the position.

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

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