Swiss banking software company Temenos' stock value plummeted 33% after Hindenburg Research accused it of accounting irregularities and earnings manipulation.

Shares in Swiss software maker Temenos fell by as much as 34% on Thursday, following an allegation by short-seller Hindenburg Research that the company had manipulated its accounts. Hindenburg said its four-month investigation into Temenos had revealed "major accounting irregularities". The New York fund said it has now started shorting the Swiss company's shares. Temenos has yet to respond to the allegations.

February 15, 2024
8 Articles