Key TakeawaysE.l.f. Beauty called claims that it overstated its revenue meritless and said it "was fully confident in our financial statements."The beauty brand's statements come after the short-seller, Muddy Waters, alleged it had inflated its revenues for three quarters.E.l.f.'s stock prices plunged after Muddy Waters' allegations on Wednesday, but have since recovered. E.l.f. Beauty Inc (ELF) called a short-seller’s report meritless a day after its publisher, Muddy Waters Research, accused the cosmetics ...