Don't the large holders have to update every so often. BMO shows as the second biggest inst holder but has not updated since march. I read on here they sold. Very curious to see who shows up on the list if they are actually off.
All good growth companies have to deal with short sellers. It is the price of success. Amazon, Schwab, LinkedIn, etc...all have been or are constantly attack by short sellers. The difference between EBIX and these companies is they do not allow short sellers to hold them hostage.
If they are attacking the books, get one of the big CPA firms to sign off or get a big investor involved to provide confidence are just two suggestions and they are probably 50 more good ideas to get control of the stock again.
This is a leadership issue or it is a scam. Change leadership and let's see which it is and then let's move on with our lives.