Longfin Corp: Tumbles on short-seller Citron's tweet

Longfin

27/03/2018 13:18

** Shares of blockchain company  LFIN.O  down 18.92 pct at
$48.06 premarket, on a tweet from short-seller Citron Research
    ** Stock is among top pct losers on the Nasdaq
    ** Citron alleges LFIN to be a "pure stock scheme" and that
their filings and press releases are "riddled with inaccuracies
and fraud" (https://bit.ly/2Gh2lAu)
    ** Longfin among companies that jumped astronomically on the
cryptocurrency wave late last year
    ** Bitcoin  BTC=BTSP  trading down ~3 pct at $7909.49 on the
Luxembourg-based Bitstamp exchange
    ** Through Monday's close, Longfin stock had risen 2.3 pct
so far this year, vs Overstock.com's  OSTK.O  30 pct fall

 (Reporting by Nikhil Subba in Bengaluru)
 ((Reuters Messaging:
Nikhil.Subba.thomsonreuters.com@reuters.net))