Hindenburg s Adani, Icahn Calls Mark Year of Prominent Bets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
These successes mark a string of big hits dealt by the firm founded by Nate Anderson. A scorecard of 14 of the firms prominent bets since 2020 shows many of its targets decline once the short position is unveiled. Shares on average dropped about 9% on the first day, and were down 30% a year later, according to calculations by Bloomberg News.
The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani’s conglomerate that led to a market value erosion of more than $150 billion at one point.
Tingo Group said on Thursday it had hired law firm White & Case LLP to conduct an independent review after short-seller Hindenburg Research earlier this week alleged that the fintech firm had "fabricated" its financials.The company, which has refuted the allegations of misrepresentation and tax delinquenc