• SPX
  • $5,808.12
  • -0.03 %
  • -$1.74
  • DJI
  • $42,114.40
  • -0.61 %
  • -$259.96
  • N225
  • $38,605.53
  • 1.82 %
  • $691.61
  • FTSE
  • $8,243.88
  • -0.06 %
  • -$4.96
  • IXIC
  • $18,518.61
  • 0.56 %
  • $103.12

Hindenburg Research takes short position in data center operator Equinix

By Reuters   |   Mar 20, 2024 at 08:52 AM EST
Hindenburg Research takes short position in data center operator Equinix

(Reuters) - Hindenburg Research said on Wednesday it has taken a short position in Equinix, sending the data center operator's shares down more than 6% in premarket trading.

The short seller, known for its reports against companies including India's Adani Group, said Equinix trades at elevated levels and has overstated a key metric of its profitability called adjusted funds from operations.

The real estate investment trust did not immediately respond to a request for comment.

(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to StockNews!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.