Business
Why the Tyro (ASX:TYR) share price is on watch today
The Tyro Payments Ltd (ASX: TYR) share price is one to watch this morning as the Aussie payments company looks to respond to an activist short-selling report.
Why is the Tyro share price on watch?
According to an article in the Australian Financial Review (AFR), Tyro executives have been working on a response to the allegations.
The Tyro share price plummeted 11.8% lower on Friday after a short-seller released a damaging report. Viceroy Research alleged that 50% of Tyro’s payment terminals were experiencing problems — more than the company had previously announced.
Tyro had previously updated the ASX on the terminal outage in early January. On 13 January, the company said 19% of merchants were “impacted” by the outage
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