Hedge funds ramp up bets against Paddy Power share price

Nearly 10 per cent of the company’s shares are out on short bets

Barry J Whyte

Chief Feature Writer @whytebarry
5th January, 2020
Hedge funds ramp up bets against Paddy Power share price
US and British hedge funds have ramped up their bets that Paddy Power’s share price will soon fall

US and British hedge funds have ramped up their bets that Paddy Power’s share price will soon fall, stock exchange data show.

At the end of last week, almost 10 per cent of the shares in the company – which recently changed its name to Flutter Entertainment – had been borrowed by hedge fund traders for risky bets known as short trades.

In such a trade, the trader borrows a share from a broker...

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