CCC share price falls after attack by short sellers

Short sellers are once again attacking the Polish company, causing CCC's share price to fall by over 14%.

On Thursday, 16 October, NINGI Research published a report accusing CCC of inflating its revenues through fictitious sales of goods to an affiliated company. The result was a sharp sell-off of shares and millions in losses on the Warsaw Stock Exchange.

Sound familiar?

• The pattern is almost identical to Hindenburg Research's attack on LPP in March.
• Short positions, a sensationalist report, investor panic – and a rapid decline in the share price.

In a commentary by Aleksander Cyniak and Aleksander Orzeł from the Romanowski i Wspólnicy law firm, we analyse:

• whether the activities of short sellers actually serve to improve the functioning of the market,
• who actually loses and who gains from the publication of such reports, and
• whether such activities are in line with European law (MAR).

You can find the commentary HERE