Germany's markets regulator Bafin on Friday said its two-month ban on short-selling shares of payments company Wirecard had expired.[FRANKFURT] Germany's markets regulator Bafin on Friday said its two-month ban on short-selling shares of payments company Wirecard had expired.
In February, Bafin initiated the ban due to volatility in Wirecard's stock following reports in the Financial Times that became the subject of an investigation by German authorities.The short-selling ban"has now expired", Bafin said in a statement, without elaborating further. Short-selling is when an investor borrows shares to sell in the hope of being able to buy them back later at a lower price.
Source: News Formal (newsformal.com)
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