Noble Group short selling surges to record after rally

[SINGAPORE] Short-selling in Noble Group Ltd, which lost about two-thirds of its market value last year amid criticism of its accounting, rose to a record on Feb 1, Markit Group Ltd data show.

That was after shares rallied 15 per cent on Jan 29, the most in three months. The commodity trader is raising US$750 million cash from the sale of the remaining stake in its agricultural unit in an attempt to bolster liquidity.

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