KUALA LUMPUR: Short selling in Jentayu Sustainables Bhd's shares have been suspended until tomorrow after the company's stock price fell more than 26 per cent during the morning session.
The stock fell to a day's low of 62 sen a share before rebounding slightly to 63.5 sen a share, which was still 24.4 per cent lower than yesterday's close.
Short selling if its shares will resume on Wednesday at 8.30am.
In the past five trading days, the company's share price tumbled 29.05 per cent.
On June 25, 2024, the company said Bursa Malaysia Securities had approved its application for an extension of time of six months up to Jan, 2 2025 to complete the implementation of a private placement of up to 57.2 million new shares in the company to raise up to RM66 million.
For the cumulative nine-month period ended Mar 31, 2024, the company posted a net loss of RM20.09 million versus a net profit of RM592,000 in the corresponding period the previous year.
Its revenue slipped to RM18.21 million in the period compared to RM28.19 million a year prior.