Hedge fund short-sellers seize on Wirecard woes, as e-payment firm’s shares collapse amid deepening accounts riddle – HedgeWeek

Hedge funds are circling Wirecard AG, the troubled German electronic payment processing company, which saw its share price plummet further on Friday morning (19June) following revelations of alleged accounting imbalances. The Munich-headquartered company revealed this week that some EUR1.9 billion worth of reported cash balances an estimated quarter of its total balance sheet could not…