Hindenburg Research Reveals Latest Target

Famous short seller Hindenburg Research is betting against activist investor Carl Icahn’s publicly traded holding company Icahn Enterprise.

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The short seller researcher claimed that the Icahn Enterprise is overvalued and is holding some assets at an inflated price.

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The report claimed, "Icahn has been using money taken in from new investors to pay out dividends to old investors"

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"Such ponzi-like economic structures are sustainable only to the extent that new money is willing to risk being the last one holding the bag," the research report added.

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Icahn Enterprises LP Common Stock’s shares are down nearly 11% in pre market, minutes after the news broke.

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Carl Icahn is one of Wall Street's most successful investors and has been shaking up corporate America for decades.

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Currently, with a net worth of around $17.6 billion, Icahn is ranked 94th on the 2023 Billionaires list on Forbes.

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