Hindenburg came out with Short report on Opera in Jan 2020, when it was trading around $10, about 20% below its IPO price of $12. I was an investor in Opera at that time and while I do think that this report did put Opera management on notice that it is being observed for any questionable related party transactions, it was at best a shallow report, omitted key facts to make their case look genuine and it looked a waste of hindenburg's time as Opera was not at all trading at any premium at that time, and at best it had a downside of another 10-20% which made me wonder why would a short seller go such a length after Opera when there are many other potential targets where the downside is much much higher.
Opera - Rebuttal of Hindenburg Short Report
Hindenburg came out with Short report on Opera in Jan 2020, when it was trading around $10, about 20% below its IPO price of $12. I was an investor in Opera at that time and while I do think that this report did put Opera management on notice that it is being observed for any questionable related party transactions, it was at best a shallow report, omitted key facts to make their case look genuine and it looked a waste of hindenburg's time as Opera was not at all trading at any premium at that time, and at best it had a downside of another 10-20% which made me wonder why would a short seller go such a length after Opera when there are many other potential targets where the downside is much much higher.
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.