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IRM — Iron Mountain News Story

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Iron Mountain REIT targeted by short sellers Gotham City Research and GIP (updated)

Adds share price fall, efforts to reach the company

By Nell Mackenzie

LONDON, Nov 19 (Reuters) - The hedge fund short selling partnership of Gotham City Research and General Industrial Partners (GIP) said on Wednesday it has taken a short position in the real estate investment trust, Iron Mountain .

The company did not immediately respond for a request for comment.

Daniel Yu and Cyrus de Weck said Iron Mountain's leveraged investments into data centers do not match what the firm has available long-term to spend.

As of 15:55 GMT the Reit shareprice was down 5%.

The team is known for their research on SES Imagotag, now Vusion Group and Spanish medical company, Grifols.

 (Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe)

 ((Nell.Mackenzie@thomsonreuters.com;;))

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