Adler Real Estate slumps on rumour about short-seller report

Adler Real Estate AG

24/06/2021 11:30

** Shares in German property group Adler Real Estate
 ADLG.DE  fall as much as 9% in heavy volumes
    ** Two traders cite move to vague rumours about a
short-seller report
    ** Adler denied to comment on rumours or share price move
    ** A London-based trader says he was hearing rumours of a
short selling report by Viceroy Research, but added that it had
been denied by Viceroy
    ** Viceroy Research was the firm that raised the alarm and
bet big against collapsed payment company Wirecard
    ** About 140k shares of Alder were changing hands three
hours after open, more than 10 times its 90-day average
    ** As of Wednesday, co's market cap was 1.39 billion euros 
($1.66 billion)
    ** ADLG was last trading down 4.5% at 12.16 euros

($1 = 0.8372 euros)

 (Reporting by Thyagaraju Adinarayan)
 ((thyagaraju.adinarayan@tr.com; Twitter @thyagu))