BERLIN (Reuters) - Short seller Muddy Waters has acquired a short position in Luxemburg-based in real-estate investment firm Corestate Capital (CCAG.DE), a filing in Germany’s federal gazette showed.
The shares traded as much as 30% lower in the Frankfurt stock exchange following the announcement.
Commenting on the company’s share price, a company spokesman referred to the short position corresponding to 0.5% of Corestate’s share capital.
The filing in Germany’s federal gazette is dated Oct. 15.
U.S.-based Muddy Waters has a reputation for conducting research on companies and taking short positions in them.
Corestate shares traded 22.4% lower at 1405 GMT.
Reporting by Tassilo Hummel and Joern Poltz; editing by David Evans