Friday September 25, 2020

International hedge funds bet millions in short trades against Irish shares

Flutter, CRH, Greencore and Glanbia are among those whose shares have been borrowed

Barry J Whyte

Chief Feature Writer


Aaron Rogan

News Correspondent

5th April, 2020
Tullow Oil is one of the companies whose shares have been borrowed for short trades

As Irish publicly traded companies struggle with the commercial impact of the Covid-19 crisis, international hedge funds are betting hundreds of millions of euro that some Irish companies’ share prices will drop.

Stock market filings show that shares in companies such as Tullow Oil, Greencore, Cairn Homes, Dalata, Glanbia, CRH, Kingspan and Flutter have been borrowed for short trades.

A short trade is a risky bet in which a trader borrows a share from...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Central Bank says impact of overcharging led to the loss of 66 properties, 11 of which were family homes

Business Post | 1 day ago

Sixty per cent of business leaders here believe revenue will grow at their firms in the next year

Claire McNamara | 2 days ago

The Dublin distillery recorded profits of €1.6 million last year as revenue rose to €18.2 million

Barry J Whyte | 2 days ago