Short sellers Diglett Nintendo 15 July 2016London Reporter: Drew Nicol
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The gaming phenomenon Pok茅mon Go has helped Nintendo鈥檚 share price to soar by 93 percent in the past week, but FIS Astec Analytics data has revealed that speculative short sellers are also gathering.
Borrow volume in Nintendo grew by 73 percent in the past week, although, as FIS noted, this remains some way below the 12-month peak borrow volume seen last March.
David Lewis, senior vice president and FIS Astec Analytics, commented: 鈥業t [the rise in borrow volume] is a move that cannot be ignored any more than you can ignore the hordes walking the streets attacking virtual monsters with their smartphones.鈥�
Pok茅mon Go gained more than 65 million users in the US alone within seven days of its launch, and its global following is expected to grow significantly with the UK release on 14 July.
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