- Elon Musk's deal to buy Twitter is back on, according to an SEC filing.
- Hindenburg Research said it would dump its entire long position in Twitter after Musk revived his proposal.
Famed short-seller Hindenburg Research sold all of its $4 shares after Elon Musk revived his $44 billion deal to buy the social-media company.
Musk proposed restarting talks to buy Twitter Monday, prompting Hindenburg to offload its entire long position.
"We have closed our long position in Twitter," $4 Tuesday.
Hindenburg, which became well-known criticizing and shorting companies including $4, $4, and $4, has been both long and short on Twitter this year.
In May, it opened and closed a short position after arguing that Musk would likely either look to renegotiate or walk away from his takeover deal.
It then $4 in July in a bet that Musk's deal would collapse after the billionaire $4.
"We have accumulated a significant long position in shares of Twitter," Hindenburg said when it $4 three months ago. "Twitter's complaint poses a credible threat to Musk's empire."
It has now dumped that stake with a deal back on the table after Musk proposed restarting talks to buy Twitter at $54.20 a share.
His backtracking means he could $4. Twitter sued Musk in July for trying to back out of the Twitter acquisition, saying that he was obligated to complete the deal.
Twitter jumped 39.8% from $37.22 to $52.02 in the time that Hindenburg owned the stock. It slipped 1.75% to $51.09 early Wednesday.