Mota-Engil CEO believes the company's stock is undervalued and should be worth twice its current value.
The stock fell by 27% since the first-half results in August, attracting short sellers like Muddy Waters Capital's Domino Master Fund.
CEO Carlos Mota dos Santos mentioned that the stock's value is not justified by short positions and should be worth more than double its current price.
The company's market value stands at €776.8 million ($847 million), with expectations of maintaining a strong order book due to ongoing projects in Africa, Latin America, and Portugal.