Chinese drone company EHang rebounds after short report
Chinese drone company EHang rebounds after short report
Yesterday, the stock had plunged more than 60% after a short sell report from Wolfpack, claiming that EHang was largely fabri-- had largely fabricated revenues based on sham sales contracts.
Now EHang today put out a statement saying that the report contains numerous errors, unsubstantial statements, and misinterpretation of information. So the stock has been rebounding a bit from yesterday.
finance.yahoo.com/video/chinese-drone-company-ehang-rebounds-180818978.html
Yesterday, the stock had plunged more than 60% after a short sell report from Wolfpack, claiming that EHang was largely fabri-- had largely fabricated revenues based on sham sales contracts.
Now EHang today put out a statement saying that the report contains numerous errors, unsubstantial statements, and misinterpretation of information. So the stock has been rebounding a bit from yesterday.
finance.yahoo.com/video/chinese-drone-company-ehang-rebounds-180818978.html
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