Hong Kong (CNN Business) Investors have been dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed firm plummeted nearly 63% in New York on Tuesday after Wolfpack Research released a scathing, detailed report questioning EHang's business. The stock trimmed its losses Wednesday, bouncing 35% higher to about $62 a share. EHang EH has slammed the Wolfpack Research report as "deceptive." In a statement Tuesday, the company said that it believes the account "contains numerous errors, unsubstantiated statements, and misinterpretation of information."

Source: CNN February 17, 2021 14:40 UTC