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KNDI - Why Shares of Kandi Technologies Crashed Today
Kandi Technologies Group Inc.
Shares of Kandi Technologies (NASDAQ: KNDI) plunged 25% this morning after a short-seller report was released. As of 11:50 a.m. EST, shares remain down 20% from Friday's closing price.
Shares of several companies in the electric-vehicle (EV) sector were down at the start of today's market session. But after short-seller Hindenburg Research released a new report on Kandi, its shares fell sharply.