FUJIAN, China ( TheStreet) -- China MediaExpress (CCME) shares rallied today after Chief Executive Officer Zheng Cheng defended the Chinese company against what he said was an attack by short sellers.Shares of China MediaExpress, which operates a television advertising network on buses in China and was created through a reverse merger, were climbing nearly 11% to $15.34 after Cheng wrote in a letter to shareholders that short sellers "timed and coordinated their efforts" in "reckless and baseless attacks" against the company. Short sellers make money from declines in share prices.
China MediaExpress CEO Fires Back at Critics
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