US short traders undermine Bank of Ireland stock

Two US hedge funds have scooped up 1.2 per cent of the bank’s shares at a value of €22 million

Barry J Whyte

Chief Feature Writer @whytebarry
21st September, 2020
Two firms have 1.2 per cent of the company’s shares out in short trades, worth €22 million in all. Picture: Fergal Phillips

Two major American hedge funds are now betting against Bank of Ireland’s share price after a fund run by Ken Griffin, the billionaire trader, recently shorted the stock.

Citadel, the European arm of Griffin’s hedge fund, built up a roughly €11 million bet last week that shares in the Irish bank would fall in value in the near term, according to Central Bank figures.

Griffin’s short trade follows another bet of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

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

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

How to survive when tax and the Jurassic economy collide

Will the new Synch app change the face of Irish banking?

Mortgage rules raise doubts over shared equity housing scheme

Controversial British sub-prime lender insists that its Irish loans meet lending regulations