Hexatronic closes 10% down after Viceroy Research says it's short on stock

Hexatronic AB

17/05/2023 12:37

** Shares in Swedish electronic and technical solutions
maker Hexatronic  HTRO.ST  close around 10% down, at the bottom
of STOXX 600  .STOXX , with traders citing Twitter comments from
Viceroy Research's Fraser Perring
    ** "We're short $HTRO & consider it uninvestable; the
buyback is a distraction," says Viceroy Research's Fraser
Perring on Twitter
    ** Hexatronic authorised on Wednesday a buyback for a
maximum of 1.2 million shares
    ** Hexatronic could not be immediately reached for a comment
    ** Wednesday is a half-day trading on Nasdaq Stockholm, with
the market closing at 13:00 local time (1100 GMT)
    ** Including Wednesday's fall, the Hexatronic stock has
dropped around 53% YTD

 (Reporting by Greta Rosen Fondahn)
 ((Greta.RosenFondahn@thomsonreuters.com))