GLONGHUI, November 21 | According to Reuters, Elf Beauty said in a statement on Thursday that the shorting agency's accusations that the company exaggerated revenue and inventory data were “unfounded”. The shorting report was an attempt by a famous short seller to have a negative impact on Elf Beauty's stock price for his own benefit and harmed the interests of Elf Beauty's other shareholders. Muddy Waters CEO Carson Block said at a conference in London on Wednesday that Elf Beauty may have exaggerated up to $0.19 billion in revenue over the past three years and inflated its inventory data to cover up insufficient sales.
Elf Beauty回应被浑水做空：对其夸大收入和库存数据的指控“毫无根据”
aelf Beauty responds to being shorted by Muddy Waters: The accusations of inflating revenue and inventory data are 'completely unfounded'.
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