Short Seller Muddy Waters Ends Busy Year With NMC Share Plunge
- Muddy Waters finds more targets, also more ‘investor apathy’
- NMC, Burford are among firm’s successful shorts; Anta rebounds
This article is for subscribers only.
Short seller Carson Block has had mixed results in 2019, but he’s ending the year with a bang.
Shares of NMC Health Plc, the Middle Eastern hospital operator that’s Block’s latest target, have slumped 33% since his Muddy Waters Capital LLC said Dec. 17 that the company is understating its debt and overstating its cash. NMC Health denied wrongdoing, said it would hire an accounting firm for a review and would pursue regulatory action against third parties that have tried to manipulate the share price.