ShortSeller

Indian-Canadian entrepreneur Prem Watsa's Fairfax Financial Holdings has faced a short seller attack from US hedge fund Muddy Waters, which alleged wrongdoing on the part of the Toronto Stock Exchange-listed company and sent its shares tumbling by 12% on Thursday. The stock pared some of the losses on Friday after a research note from the National Bank of Canada downplayed the allegations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech,…

The deal unties his personal loans from the trading price of his company’s shares, increase his collateral and set up a plan to fully repay the loans in three years.  The deal unties his personal loans from the trading price of his company’s shares, increase his collateral and set up a plan to fully repay the loans in three years.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to…

Image used for representative purpose onlyArtificial intelligence (AI) stocks fell on Wednesday after a short seller alleged accounting issues at retail darling C3.ai Inc, dampening investor interest in the group of small companies that have wildly outperformed the market this year. C3.ai was down 12% and its stock was also trending on investor-focused social media platform Stocktwits.com. Security firm Guardforce AI fell more than 18%, while data analytics firm BigBear.ai lost 16% and conversation intelligence company…

Shares of the payments company formerly known as Square fell about 15% on Thursday after a short seller questioned the company’s user numbers and accused it of predatory tactics.Hindenburg Research said a two-year investigation into Block Inc. SQ -14.82% found the company “obfuscates” its Cash App service’s true user numbers by reporting misleading metrics “filled with fake and duplicate accounts.” It also accused the company of taking advantage of the demographics it…

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California.Patrick T. Fallon | AFP | Getty ImagesElectric vehicle startup Fisker is facing new liquidity questions after a short seller report Thursday claimed the company's funds are "tied up."Fisker says it has plenty of cash, about $824 million as of Sept. 30. But undisclosed legal restrictions could mean that Fisker…

File photo of Ethereum co-founder Vitalik Buterin speaking at ETHDenver on February 18, 2022 in Denver, Colorado.Photo: Michael Ciaglo (Getty Images)The Ethereum network, which powers the second largest cryptocurrency in the world, completed a long-planned upgrade known as “The Merge” early Thursday, moving from a proof-of-work system to a proof of stake system. And nothing catastrophic has happened yet, despite plenty of dark predictions by an army of short-sellers.02:49Guess How Much Crypto's Been Stolen Lately? Part…