A tech firm with one of the rockiest share prices on the FTSE 250 got a lift today after it batted away short-seller speculation over financial reporting inaccuracies.
Cybersecurity business Darktrace, whose shares fetched a giddy price tag of 945p in 2021 before tumbling to below their 250p IPO price earlier this year, today saw its stock soar 19% to 350p after it said an external investigation by auditors EY did not produce findings that would “change their belief that those financial statements fairly represent Darktrace’s financial position.”
