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November 17 (SeeNews) - US hedge fund Greenlight Capital Inc, run by David Einhorn, cut its stake in SunEdison Inc (NYSE:SUNE) by 25% and now holds a bit over 18.6 million shares in the renewable energy company.
A filing with the US Securities and Exchange Commission (SEC) on Monday shows that Greenlight Capital has disposed of 6.24 million of SunEdison stock since mid-August.
In July SunEdison reached a high of USD 33.45 but since then it has lost more than 85% of its value. Its shares hit a low of USD 4.5 on November 16.
(USD 1 = EUR 0.938)