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...
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