Hindenburg short report causes Tingo Group's shares to plummet.
TL;DR Summary
Shares in fintech company Tingo dropped after short seller Hindenburg Research took a short position, claiming that the company's business model was "built on lies". Tingo, which provides loans to small businesses in Brazil, denied the allegations and said it would take legal action against Hindenburg.
- Shares in fintech Tingo slump after Hindenburg takes short position Financial Times
- Tingo Group Refutes Malicious and Misleading Allegations in Hindenburg Research Report GlobeNewswire
- Fintech firm Tingo's shares slump as short-seller Hindenburg takes aim Reuters
- Tingo Group Special Meeting of Stockholders to be Held on June 7, 2023, with Q&A Session Yahoo Finance
- Tingo Group Tanks on Hindunberg Short Report TipRanks
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
0 min
vs 1 min read
Condensed
61%
118 → 46 words
Want the full story? Read the original article
Read on Financial Times