Funds have taken short positions against nearly 14 per cent of Smurfit stock, but it’s not what it looks like. Hedge funds have taken short positions against shares worth more than €1.43 billion in Smurfit Kappa, amounting to nearly 14 per cent of its total ordinary share capital.
However, analysts believe this is a sign of faith in a potential 'mega-merger' with WestRock, rather than a lack of confidence in the company's future performance.
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