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As a short seller, the firm would take short positions in the companies Hindenburg investigated, and the firm profited when stock prices took a hit following the release of its reports.
Hindenburg Research LLC was a U.S. investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017. [2] [3] [4] Named after the 1937 Hindenburg disaster, which they characterize as a human-made avoidable disaster, [5] the firm generated public reports via its website that allege corporate fraud and malfeasance. [6]
Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets.
Muddy Waters was founded by Carson Block, an American short-seller. [3] The company is named after the Chinese proverb "muddy waters makes it easy to catch fish" ( 渾水摸魚 ). [ 4 ] In January 2015, the firm raised an initial $100 million for its investment strategy.
Short and distort" is a type of securities fraud in which investors short sell a stock and then spread negative rumors about the company in an attempt to drive down stock prices. [ 1 ] [ 2 ] [ 3 ] It is often performed as a form of naked short selling in which stock is sold without being borrowed and without any intent to borrow.
The short-seller's report stated that over the past three quarters, e.l.f. Beauty has “materially overstated revenue” by about $135 million to approximately $190 million. Also, Block claims ...
Viceroy Research LLC is an international investigative financial research group registered in Delaware, United States.It was founded by a British short seller Fraser John Perring together with Australian partners Aiden Lau and Gabriel Bernarde in 2016.
Hindenburg, a short-seller founded in 2017, gained fame for its forensic financial research. The firm impacted major companies and plans to share its tactics publicly.