Twitter shares rise over 6% after Hindenburg takes long position

Twitter has sued Musk for violating his $44-bn deal and asked a Delaware court to order him to complete the merger at the agreed $54.20 per Twitter share

Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc shares and warned the social media firm's lawsuit against Elon Musk, the world's richest man, could pose a threat to his companies.

Twitter's shares rose about 6% to $35.90 on the news, a day after the company sued Musk for violating his $44 billion deal and asked a Delaware court to order him to complete the merger at the agreed $54.20 per Twitter share.

Musk, who is the chief executive officer at Tesla Inc and heads SpaceX, said on Friday he was terminating the deal because Twitter