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Temenos sheds $2 Billion as Hindenburg finds latest short target

Thread starter Hoca
Start date Mar 11, 2024

Hoca

Administrator

Staff member

Mar 11, 2024

Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks. The Swiss company denied the report, saying it contained “factual inaccuracies and analytical errors, together with false and misleading allegations.” In its […]

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