Hindenburg Research Is Still Long On Twitter Despite Elon Musk S Circus Show
The prolific short-seller Hindenburg Research is paradoxically acting as a potent tailwind for Twitter shares currently despite Elon Musk’s best efforts to wreck the social media giant’s stock price by attempting to walk away from the takeover deal. As a refresher, back in May, Hindenburg Research had disclosed a short position vis-à-vis Twitter, citing “nosebleed” leverage, overvalued offer price, and “undue pressure” on Tesla shares resulting from Musk’s multi-billion-dollar agreement to take the social media giant private....