KE Holdings Inc. (BEKE) Issues Response to Muddy Waters' Report, Claims Report Has no Merit and Contains Errors
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Short-seller Muddy Waters takes aim at Chinese firm KE Holdings
December 16, 2021 10:54 AM ESTBy Ashwini Raj and Echo Wang
(Reuters) -U.S. short-selling firm Muddy Waters said on Thursday it had acquired a short position in KE Holdings Inc, the biggest housing brokers in China, pushing its shares down as much as 10.9% premarket.
KE's stocks most of the earlier losses and were down about 2% in morning trading.
The short seller questioned the value of the company's transaction volumes, store count and agent count, as well as the company's reported revenue.
KE did not immediately respond to Reuters requests for comment.
Muddy Waters wrote in a research note... More
Carson Block's Muddy Waters is Shorting Ke Holdings (BEKE), Says Company is 'Engaged in Systemic Fraud'
December 16, 2021 9:53 AM ESTMuddy Waters, a short-seller that is founded and run by Carson Block, announced it opened a short position on KE Holdings (NYSE: BEKE) as the company is engaged in systematic fraud.
MW claims BEKE inflated new home sales gross transaction volume (GTV) by over 126% and commission... More
Pre-Open Stock Movers 12/16: (VRCA) (VALN) (ACN) Higher; (IRNT) (SNDX) (ADBE) Lower (more...)
December 16, 2021 9:26 AM ESTPre-Open Stock Movers:
IronNet (NYSE: IRNT) 25.7% LOWER; reported Q3 EPS of ($2.22), $2.07 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $6.9 million versus the consensus estimate of $11.79 million.
Verrica Pharmaceuticals Inc. (Nasdaq: VRCA) 13.6% HIGHER; announced that the U.S. Food and Drug Administration (FDA) acknowledged that Verricas resubmitted New Drug Application (NDA) for VP-102 for the treatment of molluscum contagiosum (molluscum) was complete and assigned a Prescription Drug User Fee Act (PDUFA) goal date of... More
UPDATE: KE Holdings Inc. (BEKE) Mentioned as Short at Muddy Waters
December 16, 2021 8:46 AM EST(Updated - December 16, 2021 8:48 AM EST)
KE Holdings Inc. (NYSE: BEKE) Mentioned as Short at Muddy... More
