5 European Stocks to Sell Before Recession Starts

1. Ambu A/S (OTC:AMBBY)

Ambu A/S (OTC:AMBBY) is a Ballerup, Denmark-based developer, producer, and seller of diagnostic and life-supporting equipment for hospitals and private clinics, along with single-use endoscopy solutions.

Ambu A/S (OTC:AMBBY) has the distinction of being the most shorted stock in Europe and has lost over 70% of its value in the last year. Hedge funds have generated $1.25 billion by going short on Ambu A/S (OTC:AMBBY) stock as of May 2022. The company has been struggling as the return toward elective surgeries following the COVID-19 pandemic has been slower than anticipated, and this has caused Ambu A/S (OTC:AMBBY) to reduce its guidance four times in less than 12 months. Ambu A/S (OTC:AMBBY) is also facing severe supply-chain challenges. Hedge funds are expected to increase their short interest in the stock.

You can also take a peek at 10 Healthcare Stocks to Buy Now According to Billionaire Larry Robbins and 10 Stocks That Billionaire Rob Citrone Is Selling.

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