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The German financial watch group Bafin banned Monday to establish or increase short positions on the shares of Wirecard AG, citing market uncertainties due to the poor performance of the German payment company.
"There is a risk that an impact on Wirecard AG's share price due to the creation of net short positions or the increase in existing net short positions may Excessive prices on the share price of Wirecard AG, given the importance of this company for the economy, "added Bafin.
"Short attacks" followed and facilitated by negative reports in the media had targeted the company between 2008 and 2016, said Bafin, adding that "short sellers have benefited from the conclusion of certain positions, resulting in a corresponding decrease in price of the action of Wirecard AG. "
As a result of a series of investigation reports in the Financial Times alleging fraud and inventive accounting, a constituent of the German DAX first-rate index has lost $ 10 billion since the Financial Times published the first of a series of three investigation reports at the end of January.
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