short seller Hindenburg Research opened a short position in Icahn Enterprises LP bonds on Thursday, saying billionaire Carl Icahn failed to address all the important issues he raised.
“We are short units of Icahn “Company and opened 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 called the report “self-serving” and vowed to fight back.
Hindenburg said Icahn’s recent disclosure raises critical new questions about margin lending and ongoing portfolio losses.
“We are short units of Icahn “Company and opened 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 called the report “self-serving” and vowed to fight back.
Hindenburg said Icahn’s recent disclosure raises critical new questions about margin lending and ongoing portfolio losses.
