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(Bloomberg) Temenos AG plunged as much as 33%, slashing its market value by $2.4 billion, after Hindenburg Research alleged serious flaws in the Swiss banking software company’s books and took a short position in the stock. Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedThe Brutal Reality of Plunging Office Values Is ....
Temenos AG (OTCMKTS:TMNSF – Get Free Report) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 257,300 shares, a drop of 17.3% from the December 31st total of 311,000 shares. Based on an average trading volume of 100 shares, the […] ....
By Nina Kienle Temenos reported an increase in revenue and earnings for the fourth quarter, helped by growth in subscriptions, and said it has substantially. ....