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

1 min read
Source: Reuters
Hindenburg's short report causes Tingo Group's shares to plummet.
Photo: Reuters
TL;DR

Tingo Group's shares fell by over 50% after short-seller Hindenburg Research accused the fintech firm of fabricating its financials and called it an "exceptionally obvious scam". Tingo refuted the allegations and said its accounting records were accurate. Hindenburg has targeted four companies this year, including Adani Group, Block Inc and Icahn Enterprises.

Topics:businessfinance#finance#financials#fintech#hindenburg-research#short-selling#tingo-group
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  1. Fintech firm Tingo's shares slump as short-seller Hindenburg takes aim  Reuters
  2. Tingo Group plunges amid new short report from Hindenburg Research (NASDAQ:TIO)  Seeking Alpha
  3. Shares in fintech Tingo slump after Hindenburg takes short position  Financial Times
  4. Tingo Group Special Meeting of Stockholders to be Held on June 7, 2023, with Q&A Session  Yahoo Finance
  5. Fintech Tingo's shares slump as short-seller Hindenburg takes aim  CNA

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