Journal of a short-seller: Viceroy’s numerous successes, limited failures.

Mumbai/Bengaluru: Thirty months after the shock Hindenburg report on Adani Group, New York-based short-seller Viceroy Research took aim at billionaire Anil Agarwal’s Vedanta Resources Plc, calling his mining and minerals conglomerate a Ponzi scheme. Founded in 2016 by British short-seller Fraser John Perring along with Gabriel Bernarde and Aiden Lau, Viceroy calls itself an investigative financial research group. Since its scathing report on Australian miner Syrah Resources on 23 December, 2016, the Delaware-registered short-seller has issued reports on 29 additional companies, Vedanta being the latest. Incidentally, Vedanta is the first Indian company that Viceroy has flagged for alleged wrongdoing. So, how does Viceroy, which first caught the world’s attention for flagging problems at German financial payments firm Wirecard, fare? Six of the companies are trading at a higher price than when Viceroy first issued its report, according to a review of the reports and share performance by Mint. Fourteen still trade at a lower price after Viceroy’s report. The remaining nine companies have either been delisted, acquired, or suspended from trading.Also Read | Vedanta under fire: Allegations of financial misconduct ring alarm ahead of AGM In other words, only a fifth of the calls made by Viceroy have resulted in a loss, translating to an impressive 80% success rate. At Hindenburg Research, which shut down in January, investor partners profited from three-quarters (75%) of its 45 investment calls (34 instances) over 60 months. Short sellers typically borrow a stock, betting it will fall. If the stock indeed falls, the short seller repurchases the now-cheaper shares, returns them to the broker or lender, and pockets the profit. In the case of Vedanta, Viceroy took a short position on the bonds of Vedanta Resources Ltd, the privately held holding company of Vedanta Ltd, the BSE-listed mining firm.Also Read | Vedanta share price edges higher after THIS update on encumbrance of shares Vedanta rejected the Viceroy report, calling it a “malicious combination of selective misinformation and baseless allegations”. Unlike short-sellers like Hindenburg and Muddy Waters Research and Citron Research, one thing stands out in Viceroy—All the short-sellers play the role of activist investors. However, they rarely put out more than one report on a single company. Viceroy has put out more than one report on 23 of the 29 companies, a Mint review showed. The short-seller put out 25 reports on Arbor Realty Trust, the New York Stock Exchange-listed real estate investment trust (REIT) and 21 reports on Medical Properties Trust, another REIT. Finally, it released 28 reports on MiMedx, a Nasdaq-listed biopharmaceutical company.Also Read | Vedanta share price tanks 8%. Is Viceroy Research report behind the fall? in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. 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