Why Tecnoglass Stock Tanked 40% This Week
Shares of Tecnoglass (NASDAQ: TGLS) plummeted 40% this week, according to data from S&P Global Market Intelligence. Well followed short-seller Hindenburg Research released a short report on the company, which was the main reason for the stock dropping this week.
Tecnoglass runs a fairly simple company. It manufactures and sells window and glass equipment to companies across North and South America. However, according to the Hindenburg Research report, the company and its executives have some history that does not leave them in the best light.
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Source Fool.com