(Reuters) – Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained “false or inaccurate statements” about the AI server maker.
In its initial comments on the allegations, Super Micro said the report contained “misleading presentations of information we have previously shared publicly.”
The company said it would respond to the statements “in due course,” without providing further details. Its shares rose more than 2% in early trading.
Hindenburg did not immediately respond to a Reuters request for comment on Super Micro’s statement.
Hindenburg last week disclosed a short position in Super Micro and alleged “accounting manipulation” at the company, citing evidence of undisclosed related-party transactions and noncompliance with export controls, among other issues.
A day after the short-seller’s report was released, Super Micro delayed filing its annual report, citing the need to assess “its internal controls over financial reporting,” sending its shares down about 19%.
Hindenburg, who has feuded with billionaire investor Carl Icahn and Indian Gautam Adani, said he conducted a three-month investigation that included interviews with former Super Micro employees and litigation records.
Super Micro also reiterated Tuesday that it does not expect material changes to its fourth-quarter or full-year financial results due to the delay in filing its annual report.
“None of these events impact our products or our ability to deliver IT solutions… Our manufacturing capabilities are unaffected and continue to operate at a healthy pace to meet customer demand,” CEO Charles Liang said in a statement.
(Reporting by Deborah Sophia in Bangalore; Editing by Shilpi Majumdar)