KNDI - Hindenburg Research blasts Kandi Technologies in reiterating negative view

Hindenburg Research posts a very detailed response via Twitter to the claims by Kandi Technologies Group ([[KNDI]] +17.4%) over the firm's negative report on the company. Hindenburg says Kandi failed to respond to its 25 questions and offered up a limited response to small selections of the report, which it says refuted nothing, mischaracterized the research and raised brand new issues. "In sum, our report raises serious concerns about how almost 64% of 's LTM sales have been to obvious undisclosed affiliates. Most of our questions went completely unaddressed, and the company, in its response, did nothing to refute these red flags. We remain short." Here is the 30-day Kandi chart for those that like roller coaster stocks. Previously: Kandi details how Hindenburg short report is misleading

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Hindenburg Research blasts Kandi Technologies in reiterating negative view