Czech ammunition maker CSG in record daily fall after short-seller report, company refutes allegations (updated)

CSG NV

04/05/2026 16:45

Updates share move in headline and paragraph 1, adds company response in paragraph 3

** Shares of Czech ammunition maker CSG CSG.AS fall around 14%, paring losses after sliding as much as 26% earlier in the day following a report published by Hunterbrook, say traders

** Based on the report, Hunterbrook Capital has a short position in CSG

** CSG said in a press release that it "strongly disagrees with the conclusions and assertions" presented in Hunterbrook's report

** Shares on track for their biggest one-day fall since IPO in January, if losses hold

 (Reporting by Jakob Van Calster, Samuel Indyk and Danilo Masoni; Editing by Susan Fenton)

 ((jakob.vancalster@thomsonreuters.com))