Nov 22, 04:59 AM

E.l.f. Beauty CEO Tarang Amin Denies Muddy Waters' Revenue Inflation Claims; Shares Rise 1.24% in Premarket

E.l.f. Beauty, Inc. CEO Tarang Amin has publicly denied allegations made by a prominent short seller, Muddy Waters, claiming that the cosmetics company has been overstating its revenue. In a recent interview, Amin described the accusations as 'absolute nonsense.' The company is currently facing scrutiny as investors have been alerted to potential securities fraud investigations. Amid these developments, E.l.f. Beauty shares rose by 1.24% in premarket trading following the CEO's rejection of the allegations. The stock has garnered attention from analysts, with some expressing skepticism about shorting it despite concerns regarding the cosmetics sector.

#Tarang Amin #Muddy Waters #Amin

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