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NEW YORK, Feb 16 (Reuters) - Shares of drone manufacturer EHang Holdings Ltd
plunged on Tuesday after an investment research firm said it had shorted
the stock and questioned the accuracy of what the Chinese
company has said about its business.

Shares of Guangzhou, China-based EHang closed down 62.7% at $46.30 a share on Nasdaq.


Wolfpack Research, which specializes in short selling, or betting that shares will fall, said EHang is
"an elaborate stock promotion" and that the producer
of unmanned aerial vehicle technology has lied about its products, manufacturing, revenues and partnerships.



There was no immediate response to an e-mail sent to EHang's U.S.



investor relations representative seeking comment.


EHang's stock soared from around $13 a share in early December to $124.09 on Friday.
The stock made its U.S. debut in December 2019 after an initial public offering
priced at $12.50 share. (Reporting by Herbert Lash;
Editing by Dan Grebler and David Gregorio)

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