Saturday April 4, 2020

Investors take punt against Flutter

More than 6 per cent of Flutter’s stock is now owned by funds which believe the value will fall

Aaron Rogan

News Correspondent

@aarrogan
27th October, 2019
Flutter chief executive Peter Jackson

There has been a surge in investors betting against Paddy Power-Betfair owner Flutter’s share price since it announced a merger that would make it the world’s biggest online gambling company.

More than 6 per cent of Flutter’s stock is now owned by funds which believe the value will fall.

The surge in short positions began in October and has risen from 0.59 per cent to 6.68 per cent over the...

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