Olam

Olam: Bloomberg notes post Muddy Water attack on Olam, the company has become more responsive to investors, scoring a victory for shareholders. Short interest in Olam peaked at a record 13.4% of outstanding shares on Nov. 15, and subsequently declined to 7.8% as of Apr 19, though still the highest among the 30 companies in the STI. Olam has won increased backing from Temasek, which now holds 24% of Olam (from 16% in Nov), and is Olam’s largest shareholder. The investment firm remains “comfortable with Olam’s credit position and longer term prospects”. Eyes will be on Olam’s annual strategic review due later today.