Reported 11 months ago
Lab testing firm Eurofins denied accusations made by short seller Muddy Waters questioning its financial reporting, expressing confidence in its accounts and operations. Muddy Waters had taken a short position in Eurofins shares, claiming potential overstatements in profits and asset values. Eurofins defended itself, stating the allegations were inaccurate and misleading, ensuring the integrity of its accounts. The company plans to provide a detailed response and collaborate with auditors for further analyses, as its shares rebounded by 4.7% following a 25% drop.
Source: YAHOO