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Hindenburg short report causes Tingo Group's shares to plummet.

1 min read
Source: Financial Times
TL;DR

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.

Topics:businessfinance#finance#fintech#hindenburg#shares#short-position#tingo
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  1. Shares in fintech Tingo slump after Hindenburg takes short position  Financial Times
  2. Tingo Group Refutes Malicious and Misleading Allegations in Hindenburg Research Report  GlobeNewswire
  3. Fintech firm Tingo's shares slump as short-seller Hindenburg takes aim  Reuters
  4. Tingo Group Special Meeting of Stockholders to be Held on June 7, 2023, with Q&A Session  Yahoo Finance
  5. Tingo Group Tanks on Hindunberg Short Report  TipRanks
  6. View Full Coverage on Google News

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