Hoth Therapeutics, Inc. (NASDAQ:HOTH), a patient-focused biopharmaceutical company, today announced that it has entered into a service agreement with Shareholder Intelligence Services, LLC ("ShareIntel"), a patented compliance driven SAAS retained by public companies to track shareholder ownership and monitor critical broker-dealer and shareholder movement, to investigate and report on potential illegal naked short selling activities of Company stock (HOTH), among other potential trading violations.
"We believe this collaboration with ShareIntel will be value added by allowing Hoth to better monitor trading activity, including broker-dealer, clearing firm, and shareholder position management," said Robb Knie, Chief Executive Officer. "Through investigating reporting anomalies, we should be able to better understand and identify any suspicious and or unusual trading activity, and implement action to protect investors from illegal naked short selling."
ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders enabling Hoth to proactively track shareholder ownership, identify parties involved in suspicious, aberrant, or unusual trading activity and deploy corrective action steps to help curtail such activity.
https://finance.yahoo.com/news/hoth-therapeutics-retains-shareintel-investigate-133500710.html
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