Truecaller drops on short seller attack
28/09/2022 11:41
** Shares of Truecaller TRUEb.ST trade 5.6% down after
dropping as much as 23.5%, after short seller Viceroy Research
published a report criticising the Swedish tech company
** Viceroy writes that the EU's GDPR and similar
legislations globally threaten Truecaller's business
** Truecaller was not immediately available for comment
** About 7.9 million shares of the company have traded so
far on Wednesday, about 400% of their 30-day moving average
full-day volume
(Reporting by Jagoda Darlak)
((jagoda.darlak@tr.com))