Noble Group short selling surges to record after rally
Published Thu, Feb 4, 2016 · 04:29 AM
[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.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Deutsche Bank unveils wealth targets after hiring push in Asia
HSBC asked by US$890 billion investor group to set new energy goal
Stocks to watch: DBS, KIT, Clint, Elite Commercial Reit
Booking says room reservations to slow amid Middle-East conflict
CapitaLand India Trust to acquire 2.5 million sq ft of IT buildings in Hyderabad
Block raises annual forecast on resilient consumer spending