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Hindenburg Research Makes Another Big Hit with Short Call on Icahn Enterprises

The Megalodon by The Megalodon
May 2, 2023
in Nasdaq
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Hindenburg Research Makes Another Big Hit with Short Call on Icahn Enterprises
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Icahn Enterprises LP saw its biggest single-day drop in history after Hindenburg Research revealed a short call against the investment firm, adding to the list of companies targeted by the short seller. The sharp decline of 20% was another blow to the billionaire Carl Icahn’s company after an attack from Nathan Anderson’s firm.

Hindenburg Research has shorted a range of companies over the years, including penny stocks, retail trader favorites, and companies with wealthy and well-known leaders. Icahn rejected the claims made in Hindenburg’s report and stated that it was “solely to generate profits on Hindenburg’s short position.

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