AI server maker Super Micro denies claims of short seller Hindenburg By Reuters

(Reuters) – Super Micro Computer (NASDAQ: ) on Tuesday denied claims made by short seller Hindenburg Research in its report last week and said it contained “false or inaccurate statements” about the AI ​​server maker.

In its first comments on the allegations, Super Micro said the report contained “misrepresentations of information we previously shared publicly.”

The company said it would address those statements “in due course,” without elaborating. Its shares rose more than 2 percent in early trading.

Hindenburg did not immediately respond to a Reuters request for comment on Super Micro’s statement.

Hindenburg last week disclosed a short position in Super Micro and alleged “accounting manipulation” at the company, citing, among other things, evidence of undisclosed related party transactions and failure to comply with export controls.

A day after the short seller’s report, Super Micro delayed filing its annual report, citing the need to evaluate its “internal controls over financial reporting,” sending its shares down about 19 percent.

Hindenburg, who has feuded with billionaire investor Carl Icahn and India’s Gautam Adani, said he conducted a three-month investigation that included interviews with former senior Super Micro employees and litigation files.

Super Micro also reiterated on Tuesday that it does not expect any material change in its fourth quarter or fiscal year financial results as a result of the delay in filing its annual report.

“None of these events affect our products or our capacity and ability to deliver (IT solutions) … Our manufacturing capabilities are unaffected and continue to operate at pace to meet customer demand,” said CEO Charles Liang in a statement.