Markets
Explainer: Why €1.5bn bet against Smurfit Kappa is sign of faith in WestRock ‘mega-merger’
Funds have taken short positions against nearly 14 per cent of Smurfit stock – but it’s not what it looks like
Companies are rarely happy when media outlets write about investors shorting their shares.
It’s understandable: short trading usually represents a vote of little, or no, confidence in a business’s future performance.
That’s because shorting – a risky trade in which an investor borrows shares from a broker and sells them on the open market, hoping to buy them back later at a lower price and pocket the difference before returning them to the broker – ...
