01:54 PM EDT, 08/05/2025 (MT Newswires) -- Marex Group ( MRX ) said Tuesday that it rejects the "malicious" report released earlier by Ningi Research, a short-selling firm.

Ningi Research announced a short position in Marex Group ( MRX ), claiming the company has used off-balance-sheet entities, fake intercompany transactions, and misleading disclosures to hide losses, inflate profits, and downplay risk. Ningi alleges that Marex's ( MRX ) financials are unreliable and describes the company as a "financial house of cards."

Marex ( MRX ) said the report is a transparent attempt to manipulate the share price for Ningi's financial gain. The company said the report was published without its involvement and contains factual inaccuracies, misstatements, and misleading allegations.

The company is scheduled to report its Q2 results on Aug. 13.

Shares of Marex Group ( MRX ) fell nearly 5% in recent trading activity.

Price: 35.87, Change: -1.77, Percent Change: -4.70