Burford hit by short selling criticism

Litigation finance provider Burford Capital (LON: BUR) has an impressive share price record since flotation a decade ago, and it is still around six times the original placing price, but it has fallen sharply over the past month. A report by a short seller has knocked the share price of the AIM-quoted company.

The share price slumped 516p to 605p having fallen the day before, and this is barely much more than one-third of the price less than a month ago. The stated NAV is $7.17 a share, so the share price is still trading at a small premium, even after the fall.

Muddy Waters published ...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.