By Urvi Dugar, Shankar Ramakrishnan and Jayshree P Upadhyay (Reuters) -Hindenburg Research refuted allegations on Monday from India’s securities regulator accusing the company of colluding with a U.S. asset manager to use non-public information to set up its short bet against Adani Group last year. In a statement posted to its website, U.S.-based short-seller Hindenburg […]
By Urvi Dugar and Shankar Ramakrishnan (Reuters) -U.S-based short-seller Hindenburg Research said on Monday India’s securities regulator had sent it a letter outlining suspected violations over its short bet against Adani Group last year and revealed it may “barely come out above breakeven” on its trade. Hindenburg also said Kotak Bank, an Indian firm, created […]
(Bloomberg) — Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans. Most Read from Bloomberg Shares of the company dropped as much as 16% after Hindenburg, […]
(Bloomberg) — Tingo Group, a financial technology company that was the subject of a short seller report, was sued by the US Securities and Exchange Commission for allegedly overstating its financial results in an ongoing fraud of “staggering” scope. Most Read from Bloomberg Tingo and two related companies, Tingo International Holdings Inc. and Agri-Fintech Holdings […]