Hindenburg also stated they increased their short position today. Not sure by how much or even if that’s true, but their scare tactics appear to have fizzled. Stock up 25% after PRED issued their statement of increased revenues and reaffirmed shareholders that Hindenburg is highly opinionated and biased for the purpose of their own financial gain.
Hindenburg’s response on Twitter was to come back beating their chests like the animals they are. Their opinions are farts in the wind. They stink for a moment then vanish quickly.
I just feel sorry for investors who were harmed and happy for investors who found a way to capitalize on this opportunity.
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