CSG Shares Steady After Arms Maker Rebuffs Short-Seller Report

Shares of CSG NV steadied after the Czech arms maker rejected a short-seller’s report that questioned its ammunition production capacity, saying the claim was based on a flawed understanding of its manufacturing model.

CSG said Tuesday that Hunterbrook Capital misrepresented its operations by attributing ammunition output to a single site, noting that production is carried out at numerous locations and reached about 630,000 large-ammunition rounds last year.