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Hot stock: Silverlake tumbles following short-sell report

Friday, August 21, 2015 - 11:57

SOFTWARE solutions provider Silverlake Axis took a 23 per cent tumble on Friday, shedding 19.5 Singapore cents to S$0.645, following the release of a report that recommended shorting the stock.

The 42-page report, released on Thursday night, had placed a S$0.29 target price on the company.

It is unclear who or which organisation had produced the report, which was authored by someone with the moniker "razor99".

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