The Swiss software company said its board of directors "fundamentally refutes" a report by short-seller Hindenburg Research.
Shares in Swiss software company Temenos were down over 6% on Friday afternoon, extending Thursday's losses when they closed over 28% lower.saying its board of directors "fundamentally refutes" a report by short-seller Hindenburg Research.In its statement, Temenos said Hindenburg's report "contains factual inaccuracies and analytical errors, together with false and misleading allegations ... The Company was not contacted in advance for any comment on the report.
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