short seller Hindenburg Initiated a short position in Research on Thursday Icahn Enterprises lp bond and said billionaire Carl Icahn has failed to address every major issue raised.
“we are small units ikan venture and have initiated a short position in IEP bonds,” said the research report, sending the investment firm’s shares down 6.1% in premarket trading.
Last week, Hindenburg accused the investment firm of overvaluing its holdings and operating a “Ponzi-like” structure to pay dividends. Icahn has called the report “self-serving” and vowed to fight back.
Hindenburg said Icahn’s latest disclosures raise important new questions about margin lending and continuing portfolio losses.
“we are small units ikan venture and have initiated a short position in IEP bonds,” said the research report, sending the investment firm’s shares down 6.1% in premarket trading.
Last week, Hindenburg accused the investment firm of overvaluing its holdings and operating a “Ponzi-like” structure to pay dividends. Icahn has called the report “self-serving” and vowed to fight back.
Hindenburg said Icahn’s latest disclosures raise important new questions about margin lending and continuing portfolio losses.