Eurofins Rejects Muddy Waters Claims as Shares Edge Back Up.

Eurofins Scientific SE has rejected allegations made by Muddy Waters Research, a short seller, that caused its stock to plummet. The company stated that it is confident in the integrity of its accounts and pointed to its profit and revenue growth over the past two decades as evidence of its sound investment decisions. Eurofins's stock has since recovered, rising more than 5% in Paris trading. The company plans to work with its auditors to refute the allegations further. This is not the first time Eurofins has been targeted by a short seller, with a similar incident occurring in 2019. [Extracted from the article]