US-listed shares of JOYY fall after Wolfpack Research says short on stock

JOYY

18/12/2024 15:10

** U.S.-listed shares of Chinese social live-streaming
platform JOYY Inc  YY.O  fall as much as 10.6% to $35.01 in
early market trade
    ** Short on YY, as the company's largest revenue
contributor, Bigo Live, has been removed from Google Play Store
and App Store since early December - Wolfpack Research, in a
message posted on X
    ** Management has yet to inform shareholders of this
"catastrophic" issue, in a "typical China Hustle fashion" -
short seller
    ** Up to last close and including session moves, the stock
down 1.3% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))