Short-Seller Glaucus Targets Itochu in First Japan Report

Updated on
  • Itochu responds, says it applied appropriate accounting
  • Says Itochu shares are poised to fall by as much as 50%

Activist short-seller Glaucus Research Group published a report on Itochu Corp., criticizing the Japanese trading company’s accounting and saying its shares are poised to plunge.

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