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...Yet more than 6m Pearson shares changed hands within the first three hours, about treble the daily average....
...The trend rippled across the Atlantic to lift heavily shorted UK stocks such as Pearson....
...Some of the companies whose shares surged were targets of Melvin Capital, a hedge fund that has been singled out by day traders....
...This so-called “short squeeze” proved successful, with Melvin and another short-seller, Citron Research, closing out their positions at a significant loss....
...The evening raised $250,000 in aid of The Global Fund for Children, including matched funding from the Pearson Foundation and GFC sponsors....
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