REUTERS, NEW YORK, Feb. 16 - Chinese drone manufacturer Yihang Holdings plummeted in the US stock market on Tuesday after an investment research agency said it was shorting the stock and questioned the accuracy of the company's description of its business.

China Airlines closed down 62.7% to $46.30 on the NASDAQ market.

Wolfpack Research, which specializes in empty trading, said Ehang was “a carefully boosted individual stock” and that the company lied about its products, manufacturing, revenue, and partnerships.

China Airlines did not immediately respond to an email request for comment sent to the company's US investor relations representative.

The stock price of China Airlines has soared from around $13 in early December last year to $124.09 on Friday. China Airlines went public in the US in December 2019, and the initial public offering (IPO) price was $12.50 per share.