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Nathaniel August Is Bearish on World Wrestling Entertainment, Inc. (NYSE:WWE)

World Wrestling Entertainment, Inc. (NYSE:WWE)

The manager of Mangrove Partners, Nathaniel August, recommended to short the stock of World Wrestling Entertainment, Inc. (NYSE:WWE) during the conference. According to our database Mangrove does not hold any shares or options in World Wrestling Entertainment. Among the shareholders of the company are Jim Simons‘ Renaissance Technologies, which reduced its stake by over 40% during the second quarter to 1.16 million shares, and Mario Cibelli‘s Marathon Partners, which owns 1.13 million shares as of the end of June, up by 50% on the quarter.

The stock of World Wrestling Entertainment, Inc. (NYSE:WWE) lost a lot of ground in the first half of the year and currently trades 22% in red since the beginning of the year.