BUZZ-Hedge funds cut shorts on Quindell after unit sale deal

** 3 of the 4 hedge funds holding significant short positions (>0.5%) on Quindell (LSE: QPP.L - news) cut their shorts on the stock to less than 0.3% after co agreed to sell its Professional Services Division (PSD)on March 30

** FCA data as of the close on Mar 30 shows Ennismore Fund Management's net short on Quindell at 0.04% vs 1.73% at its previous filing, Coatue Management at 0.2% pct vs 0.76%, TT International at 0.28% vs 0.58%

** Roble SL, with a 2.72% net short, is the only entity still above the 0.5 pct threshold which requires regulatory disclosure.

** Quindell's shares rose as much as 30 pct to 180 pence on Mar 30, when the deal with Australian law firm Slater & Gordon Ltd was announced. They are currently suspended from trading at 140 pence, pending an announcement

** The Telegraph writes the suspension is due to an error found in the deal announcement (http://bit.ly/1C7u1NC) (RM (LSE: RM.L - news) : francesco.canepa.thomsonreuters.com@reuters.net)