XP

TLDR. ---. Ticker: XP (Brazilian Investment Management Company). Direction: Down. Prognosis: Short. OP's Position: Successfully shorted XP; puts are gone. Reasoning: Leaked Hindenburg report (accidentally made public) alleges XP is a Ponzi scheme based on: unrealistically high returns (2492% in one fund!), auditor's inability to verify 92% of liquid assets, declining inflows, and extreme volatility in stress tests. Hindenburg has a good track record for catching fraud. Additional Notes: OP is feeling smug about their successful short. Hindenburg's accidental leak makes this even more juicy.