Overview
- Shares fell another 8% on Friday, leaving the stock down about 75% from its Oct. 9 peak and wiping roughly A$4.3 billion in market value.
- Securities-regulator data show short positions surged 62% over the past two weeks.
- Company disclosures said CEO Oleg Vornik and Chairman Peter James were among insiders who sold about A$70 million of stock over six days.
- DroneShield withdrew a U.S. contracts update after saying the orders were misclassified as new due to an administrative error.
- U.S. chief executive Matt McCrann departed abruptly, and local media reported the company canceled a planned investor call.