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DroneShield: Citigroup no longer a significant shareholder
Citigroup is no longer a significant shareholder in the Australian drone defense specialist DroneShield. According to regulatory filings, Citi Global Markets Inc. reduced its interest by 11,996,335 ordinary shares through a combination of securities lending and regular exchange transactions.
Following the news, DroneShield shares fell 4.14 percent to 1.62 Australian dollars in Sydney. Despite the change in shareholding, the company's recent financial reports show a 74 percent increase in half-year revenues, though it also recorded a net loss of 32.2 million Australian dollars.
Technical analysis indicates the stock has experienced a significant correction from its record high of over 6.50 AU$, currently testing a support zone between 1.45 and 1.70 AU$.
Entities
ASX · Citi Global Markets Australia · Citigroup · DroneShield
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The reduction in Citigroup's holdings resulted from securities lending and regular exchange transactions. www.it-boltwise.de
- [○ 1 SOURCE] DroneShield recorded a net loss of 32.2 million Australian dollars.
- [○ 1 SOURCE] DroneShield shares fell 4.14 percent to 1.62 Australian dollars at the close of trading in Sydney. www.it-boltwise.de
- [● 2 SOURCES] Citigroup is no longer a significant shareholder in DroneShield as of Tuesday. www.it-boltwise.de
- [○ 1 SOURCE] Citi Global Markets Inc. reduced its interest in DroneShield by 11,996,335 ordinary shares.
- [○ 1 SOURCE] DroneShield reported a 74 percent increase in half-year revenues.