Petrofac shareholders could be set for wipeout as company considers debt swap energy Petrofac said this morning it would delay its full year 2023 results, which it now expects to publish by 31 May 2024.
Ocado enters most shorted UK companies list as Abrdn jumps to fourth. These two kept their top spots Shorting Ocado has entered the top 10 list of most shorted stocks this month, coming third, while Abrdn saw two new firms take positions out against it.
Petrofac mulls equity issuance as it battles to stay afloat Energy Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.
Most shorted companies revealed: Petrofac takes top spot February 12, 2024 Seven investment firms held short positions in Petrofac, with Helikon Investments Limited holding the largest position at 3.5 per cent.