Wirecard Shorts Keep the Faith

SoftBank’s $1 billion investment in the controversial company doesn’t seem to change the narrative.

Michaela Handrek-Rehle/Bloomberg

Michaela Handrek-Rehle/Bloomberg

Even a $1 billion investment by Japan’s SoftBank Group hasn’t dimmed short sellers’ zeal for Wirecard, the controversial German payments company.

Shares in the company spiked as much as 15.5 percent on the announcement of the SoftBank deal Wednesday before closing the day up 8.5

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