Wirecard stock jumps 9 percent after Germany's Bafin bans short positions

Germany's financial watchdog Bafin has issued a ban against establishing or increasing short positions in Wirecard stock, citing market uncertainties.

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Wirecard shares rise on German short-selling ban(Updates with share move, analyst comment) Shares in Wirecard AG (WDI.XE) trade higher Monday morning after German financial regulator BaFin issued a ban on establishing new short positions in the payment-services provider, or increasing existing ones. The regulator said there was a risk that high volatility in the stock--caused in part by a sudden influx of short interest--could spill over into the wider economy.
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Wirecard lands dubious credit from German watchdogThe regulator slapped a short-selling ban on the payments group’s shares. The thesis that Wirecard’s volatility could cause “general market uncertainty” is odd since wild price swings had abated. And the prohibition does nothing to fix the company’s problem: lack of transparency.
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