NIO shares extend losses as Chinese EV maker denies short-seller report - MarketWatch
6/28/2022 12:00:00 AM2 years 10 months ago
by Yongchang Chin
by Yongchang Chin
Grizzly Research said the Chinese electric-vehicle maker is playing "accounting games to inflate revenue and boost net income margins to meet targets."
NIO Inc.s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC.The stock NIO, -2.57% NIO, … [+646 chars]
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