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.
