A short seller named Hindenburg disputes

the claims made by Super Micro, a producer of AI servers.

 

 

 

Super Micro Computer (SMCI.O), which unveiled a new tab on Tuesday, refuted assertions made in a study released last week by the short-seller Hindenburg Research, claiming the study contained “false or inaccurate statements” regarding the company that creates AI servers.

Super Micro stated that the study included “misleading presentations of information that we have previously shared publicly” in its initial response to the accusations.

Without providing further details, the business stated it would respond to those claims “in due course”. In early trade, its shares increased by over 2%.

Among other things, Hindenburg this week revealed a short position in Super Micro and claimed “accounting manipulation” within the business, citing proof of unreported related-party transactions and noncompliance with export regulations.

Super Micro‘s shares fell almost 19% after company announced that it needed to review “its internal controls over financial reporting” and postponed filing its annual report, one day after the short-seller report.

Hindenburg, which has been embroiled in legal disputes with India‘s Gautam Adani and billionaire investor Carl Icahn, announced that it had completed a three-month inquiry that including speaking with former senior Super Micro employees and reviewing court documents.

Due to the delay in presenting its annual report, Super Micro said on Tuesday that it does not expect any material changes to its fiscal year or fourth-quarter financial performance.

“Our products or our capacity to deliver (IT solutions) are unaffected by any of these instances. CEO Charles Liang stated in a statement that “our production capabilities are unaffected and continue to operate at pace to meet customer demand.”