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Activist investor Elliott takes short position in Shell after building a stake in rival BP

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Summary
Nutrition label

79% Informative

U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program.

The move comes shortly after it emerged Paul Singer's hedge fund had taken a near 5% stake in Shell 's struggling rival, BP .

The position is reportedly worth 0.5% of Shell 's stock.

VR Score

78

Informative language

77

Neutral language

44

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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