Home REIT delays release of annual results after short-seller backlash

Sparks 6.2% share price drop

Valeria Martinez
clock • 2 min read

The FTSE 250 listed Home REIT has delayed the release of its annual results at the last minute, after last week’s short-seller criticism that pushed its share price down by over 30%.

The company, which invests in the provision of sheltered housing for homeless people throughout the UK, had been due to publish its results on Monday (28 November) for the year to the end of August.  Late on Friday (25 November), it told shareholders that it would have to push back the publication of its results to give its auditor, BDO, more time to investigate allegations made by Viceroy Research, a Delaware-based firm that specialises in short-selling and was the first short-seller to call out the Wirecard fraud. The stock fell another 6.2% yesterday after the delay of its results,...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week