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Hindenburg Research

All articles tagged with #hindenburg research

business1 year ago

Super Micro Stock Rallies on Nasdaq Filing Extension Amid Ongoing Risks

Super Micro Computer Inc.'s shares surged over 10% in pre-market trading after receiving an extension from Nasdaq to file overdue annual and quarterly reports by February 25. The delay in filing was due to an evaluation of internal controls following allegations by Hindenburg Research. The company has appointed BDO USA as its new auditor and submitted a compliance plan to Nasdaq, with a special committee finding no misconduct, boosting investor confidence.

via Benzinga|
#business#financial-reporting#hindenburg-research
finance1 year ago

Super Micro Computer Stock: A Post-Surge Analysis

Super Micro Computer's stock (SMCI) faced significant volatility due to fraud allegations from Hindenburg Research, which accused the company of accounting manipulations. Despite these claims, a special committee found no evidence of misconduct, leading to a stock rebound. However, concerns about the company's growth and past governance issues suggest a cautious approach to investing in SMCI, despite its attractive valuations.

via Yahoo Finance|
#finance#fraud-allegations#hindenburg-research
business1 year ago

Super Micro's Financial Turmoil Sparks Investor Anxiety

Super Micro is facing significant challenges following allegations of accounting manipulation and export control violations by Hindenburg Research, leading to a sharp decline in its stock value. The company's auditor, Ernst & Young, resigned, citing concerns over financial statements, further exacerbating the situation. As Super Micro struggles, Dell Technologies and HP Enterprise are poised to benefit from reduced competition in the AI server market, particularly with Nvidia's GPUs. Dell has already seen a substantial increase in AI server sales and is expected to capitalize on Super Micro's difficulties.

via TheStreet|
#ai-servers#business#dell-technologies
business1 year ago

Super Micro Faces Turbulence Amid Stock Plunge and Strategic Shifts

Super Micro Computer is facing significant challenges after its auditor, Ernst & Young, resigned due to concerns over financial statements and corporate governance. This follows a Hindenburg Research report alleging accounting manipulation and a U.S. Department of Justice investigation. As a result, analysts have downgraded Super Micro's stock, and Nvidia has shifted some orders to other suppliers. The company's stock has plummeted, and it faces an uphill battle to remain listed on Nasdaq.

via TheStreet|
#business#ernst-and-young#hindenburg-research
financeinvesting1 year ago

"Hindenburg Research Exposes Alleged AI Misrepresentation by Equinix"

Hindenburg Research has accused data center provider Equinix of promoting an "AI pipe dream" to shareholders while manipulating metrics to enhance profitability, leading to a 7% pre-market share plunge. The short seller alleges that Equinix misclassified maintenance expenses as growth spending, resulting in inflated adjusted funds from operations and executive stock grants. Equinix is investigating the claims, and Hindenburg has a history of taking short positions against prominent companies.

via CNBC|
#ai#data-center#equinix
business2 years ago

Adani's Wealth Soars as Hindenburg Report Discredited

Billionaire Gautam Adani's wealth surged by $6 billion as shares of his 10 listed companies in the Adani Group soared following India's Supreme Court reserving its judgment on the Adani-Hindenburg saga. The court's direction to the Securities and Exchange Board of India (SEBI) to conclude its investigation, along with the chief justice's remarks discrediting Hindenburg's report, boosted investor sentiment. Adani's net worth now stands at $57.1 billion, making him the 23rd richest person globally. The Adani Group had previously denied the allegations of stock manipulation made by Hindenburg.

via Forbes|
#adani-group#business#gautam-adani
finance2 years ago

Hindenburg Research's Short Report Sends Freedom Holding Stock Plummeting

Freedom Holding (NASDAQ:FRHC) saw a 3.4% decline in its stock price following a new short report from Hindenburg Research, which alleges that the online brokerage may be skirting regulations. Freedom Holding has responded, stating that the claims are without merit and that it continues to provide all required disclosures to regulators and investors. The company is also facing non-compliance with Nasdaq's listing rule due to its failure to timely file its quarterly report.

via Seeking Alpha|
#compliance#finance#freedom-holding
business2 years ago

Carl Icahn's Fortune Rebounds as Loan Deal Eases Short-Seller Assault

Billionaire investor Carl Icahn has recovered $1 billion in his fortune after striking a loan deal with big banks to alleviate the impact of a short-seller assault on his conglomerate, Icahn Enterprises. The deal, disclosed in an SEC filing, led to a 20% surge in IEP stock and pushed Icahn's net worth higher, although he has still lost over $12 billion this year. The agreement consolidates existing loans and changes the interest charges to a variable rate, while ensuring that collateral for personal loans is based on net asset value rather than market price.

via Fortune|
#banks#business#carl-icahn
business2 years ago

Tingo Group Denies Hindenburg Research Report Allegations.

Tingo Group, a fintech and agri-fintech company, has refuted all allegations and misinformation outlined in a report published by Hindenburg Research, which the company believes is a deliberate attempt to damage its reputation maliciously and unlawfully through the issuance of false, misinformed, and distorted information for Hindenburg Research’s own financial gain and at the expense of the company’s shareholders. Tingo Group confirms that it remains in compliance with the laws of the territories in which it operates and maintains the highest standards of corporate governance.

via GlobeNewswire|
#agri-fintech#business#corporate-governance
finance2 years ago

Tingo Group Denies Hindenburg Research Report Allegations.

Tingo Group, a fintech and agri-fintech company, has refuted all allegations and misinformation outlined in a report published by Hindenburg Research, calling it a deliberate attempt to undermine the positive work the company is undertaking across various worldwide markets. The company confirms that it remains in compliance with the laws of the territories in which it operates and maintains the highest standards of corporate governance. Tingo Group will respond in detail to the allegations made by Hindenburg Research in due course.

via Yahoo Finance|
#agri-fintech#allegations#finance
finance2 years ago

Tingo Group faces investigation and stock slump after short report.

Block & Leviton is investigating Tingo Group for potential securities law violations after a report by Hindenburg Research alleged issues with the company's financial statements and founder and CEO's background. Tingo Group's stock dropped more than 45% in premarket trading. Investors who have lost money in their Tingo Group investment should contact Block & Leviton to learn more about how they might recover those losses.

via GlobeNewswire|
#block-and-leviton#finance#hindenburg-research
finance2 years ago

Carl Icahn's Investing Arm Suffers 61% Losses in August.

Icahn Enterprises LP's stock fell another 3% on Friday, extending its month-to-date losses to 61%. The stock has been under pressure since a May 2 report by Hindenburg Research accused Icahn's publicly traded investment vehicle of inflating asset values. The report has cost IEP more than $10.9 billion in lost market cap. Bill Ackman, founder and CEO of Pershing Square Capital Management, weighed in on the Hindenburg report with some thoughts of his own, reviving a longstanding feud between the two billionaires.

via MarketWatch|
#bill-ackman#carl-icahn#finance
finance2 years ago

Icahn Enterprises' Stock Plummets as Rivals Weigh In and Holdings Drop.

The market value and stock for Icahn Enterprises (IEP) has plummeted since short-selling firm Hindenburg Research claimed that the company has been using inflated asset valuations and "ponzi-like economic structures." IEP's market cap was cut by more than half this month, and the stock has fallen almost 63% since the start of May. Billionaire Carl Icahn has pushed back against Hindenburg's report, calling it "self-serving," while longtime rival Bill Ackman has doubled down on the allegations and questioned why Icahn has not disclosed the terms of his market loans.

via Yahoo Finance|
#bill-ackman#carl-icahn#finance