TUI share price falls after short sellers take profits

TUI's share price has fallen sharply in recent days after short sellers took profits on their positions.

The German travel company's share price has fallen by over 10% since the start of the week, as short sellers have closed out their positions following a strong run-up in the share price.

TUI's share price has been under pressure in recent months due to concerns about the impact of the COVID-19 pandemic on the travel industry. However, the share price had started to recover in recent weeks as investors bet on a recovery in the travel sector.

The recent sell-off in TUI's share price suggests that short sellers are now taking profits on their positions. This is likely due to a combination of factors, including the recent strength in the share price and the ongoing uncertainty surrounding the travel industry.

It is unclear whether the recent sell-off in TUI's share price will continue. However, the company's shares are now trading at a significant discount to their pre-pandemic levels, which could make them attractive to value investors.