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Elf Beauty stock slides after Muddy Waters says it has shorted its shares

By Yahoo! Finance   |   Nov 20, 2024 at 02:43 PM EST
Elf Beauty stock slides after Muddy Waters says it has shorted its shares

Muddy Waters took a short position in Elf Beauty, accusing the company of overstating revenue by $190 million. Elf denied allegations but shares dropped 10%. Muddy Waters plans to sell its position after publishing a report.

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