Why Technoglass Stock Is Plummeting Today

Shares of Technoglass (NASDAQ: TGLS) plunged more than 40% by 10:30 p.m. ET on Thursday. Weighing on the glass stock was a damaging report by a noted short-seller.  

Short-seller Hindenburg Research published a new report on glass and aluminum products maker Technoglass. The Columbia-based company focuses on selling glass products to residential and commercial building markets. Shares of the company, taken public via a special purpose acquisition company (SPAC) in 2013, have soared this year, fueled by the pandemic-related real estate boom in South Florida, its key U.S. market.  

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Source Fool.com