UK Hedge Funds and Investors have bet against a leading oil-based plastic packaging company called RPC Group: £240million / €271 million / $318 million have been placed against the RPC Group. This means that more than 8 per cent of RPC’s £3billion stock is out on loan to short-sellers.
Short-selling happens when an investor borrows RPC shares and immediately sells them, hoping he can buy them back later at a lower price, return them to the lender and pocket the difference.
Hedge Funds companies and Investors like BlackRock and CapeView Capital are betting millions against RPC Group. This means that the Haute Finance is expecting the shares of RPC Group to collapse. It could go very fast.
Impact Corona on Bioplastics
RPC is a UK company listed on the London Stock Exchange and is part of the 250 FTSE Index. RPC is a supplier of rigid plastic packaging with operation in Europe and USA. They provide rigid packaging, injection-blown and injection-stretch-blown packaging. RPC has 51 manufacturing sites and 6 distribution and sales centres.
Today, the RPC share already lost 1.6 % of its value and the day is not over yet.
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