XL Fleet shares drop over 16% after Muddy Waters takes short position

  • 3/3/2021
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March 3 (Reuters) - Shares of XL Fleet Corp, which provides electric drive systems to enhance vehicle fuel economy, fell more than 16% on Wednesday after U.S. short-selling firm Muddy Waters said it has taken a short position in the company’s stock. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

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