Super Micro Shares Plunge 8% After Hindenburg Shorts, Claims "Fresh Evidence" Of Accounting Manipulation

Hindenburg Research, a short seller, has released a report accusing Super Micro Computer of accounting manipulation and self-dealing among family members. The company's shares have fallen by 8% as a result. Hindenburg's investigation found red flags in Super Micro's accounting, as well as issues with related party transactions, sanctions, and export control failures. The report also highlights customer complaints about after-sales service and the company's relationships with suppliers controlled by the CEO's brothers. Super Micro has faced significant accounting, governance, and compliance issues in the past, and Hindenburg believes the company is a "serial recidivist." The company has not yet responded to the allegations.