Oct 27 (Reuters) - Canadian financial technology firm D+H Corp urged its investors on Tuesday to not rely on a “misleading” report by a hedge fund, which it said was short selling its shares.
The company’s shares jumped nearly 11 percent to C$35.43 in early trading.
Toronto-based D+H said the hedge fund’s reports about the company’s growth prospects and past performance contained “numerous inaccurate and unsubstantiated statements.”
D+H also reported a third-quarter profit of 62 Canadian cents per share, above the average analyst estimate of 60 Canadian cents, according to Thomson Reuters I/B/E/S. (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Maju Samuel)