Enterprise networks business Megaport was back in the news on Tuesday as chief executive Vincent English abruptly followed company secretary Emily McCaffery out the door, leaving chairman and founder Bevan Slattery to step in as CEO while the search for English’s replacement is conducted. The stock has fallen 14 per cent since.

Megaport’s share price is down 64 per cent in 12 months, caught up in the wider tech sell-off. It is also one of the most shorted stocks on the ASX, with 9.5 per cent of its shares currently in the hands of short sellers.