(Reuters) -HelloFresh said on Thursday it strongly disagreed with the interpretation by a Grizzly Research report on its current status of governance and business prospects, after the short seller said it had taken a short position on the meal-kit maker’s stock.
Comments by Grizzly Research on its CEO Dominik Richter were “largely inaccurate” and “grossly misrepresented” his transactions in HelloFresh shares, the company said in a statement.
Shares in the company, which had dropped as much as 15% on the report, were down 4.7% at 1253 GMT.
(Reporting by Hakan Ersen, writing by Linda Pasquini, Editingi by Madeline Chambers)
