Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc. shares, sending the stock up about 8 percent, a day after the social media firm sued Elon Musk for backing out of his $44 billion deal.
On Tuesday, Twitter sued Musk for violating his $44 billion deal and asked a Delaware court to order him to complete the merger at the agreed $54.20 per Twitter share.
