(Bloomberg) — Carl Icahn criticized short sellers on Tuesday, months after his firm became the target of one.
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“I think there’s a place for short sellers without question but to go out and spread rumors that are basically untrue or close to untrue, there’s no place for that,” Icahn said at the 13D Monitor Active-Passive Investor Summit. “I think it is unconscionable, and I’m very much against that.”
In August, Icahn slashed his company’s quarterly payouts in half, acknowledging complaints raised by short-seller Hindenburg Research. In May, Nate Anderson’s firm leveled a series of accusations against Icahn Enterprises, claiming that it was over-leveraged and trading at an excessively steep premium to its net asset value. Hindenburg also said that IEP’s once-high dividends weren’t sustainable.
IEP fell 1% to close at $17.77 in New York trading…
