Gotham City Research owner General Industrial Partners on Tuesday reduced its short position in Grifols to 0.06% from 0.6%, Bloomberg’s Macarena Munoz and Clara Hernanz Lizarraga report, citing a regulatory filing. Gotham City accused Grifols of manipulating its debt and profit figures by consolidating earnings of Haema and Biotest, two businesses it acquired in 2018.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GRFS:
- Grifols’ leverage higher than reported, short-seller Gotham City says
- Grifols upgraded to Overweight from Equal Weight at Barclays
- Uber and Lyft downgraded: Wall Street’s top analyst calls
- Grifols transaction at favorable valuation a positive, says Morgan Stanley
- Grifols sells 20% stake in Shanghai RAAS to Haier for $1.8B