Aurelius Sinks Again After Unconvincing Rebuttal of Short-Seller Gotham
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Aurelius Equity Opportunities shares plunged for a second day after executive rebuttals of Tuesday’s allegations from short seller Gotham City Research failed to soothe wary investors.
Aurelius tumbled a record 35 percent to 35 euros in Frankfurt trading. The plunge follows a 17 percent decline yesterday after Gotham published a 68-page report questioning the company’s accounting. The stock is worth no more than 8.50 euros, the short seller said yesterday.