Orco Property Group, the listed Central European developer, has asked its shareholders to make sure the shares they hold are not used to short sell the company. Trading in Orco's shares was stopped in Prague last Thursday after they slumped more than 20% from opening levels. Orco shares fell to an historical time low of EUR 14.11 on Thursday morning. The stocks shortly resumed trading and closed the day with a drop of almost 15%. Orco shares have lost about 40% of its value in a week.
Premium subscriber content – please log in to read more or take a free trial.
