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Short-seller Carson Block released a report questioning whether NMC was understating its debt position by sneaking debt off balance sheet and announced that it

Short-seller Carson Block released a report questioning whether NMC was understating its debt position by sneaking debt off balance sheet and announced that it would take a short position on NMC equity (Muddy Waters Research, 2019). What does take a short position mean? Explain this process. Elaborate on the findings of the Muddy Waters Research and the reasons for them to take a short position. What implications did their actions have on NMCs stock price?

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