All articles tagged with #short report
Tempus AI's stock rebounded after a sharp decline caused by a critical short report from Spruce Point Capital, which questioned the company's AI capabilities and leadership. Tempus responded by dismissing the allegations as inaccurate and misleading, emphasizing its strong financial performance and growth in healthcare AI applications.
Freedom Holding (NASDAQ:FRHC) saw a 3.4% decline in its stock price following a new short report from Hindenburg Research, which alleges that the online brokerage may be skirting regulations. Freedom Holding has responded, stating that the claims are without merit and that it continues to provide all required disclosures to regulators and investors. The company is also facing non-compliance with Nasdaq's listing rule due to its failure to timely file its quarterly report.
Cathie Wood, founder of Ark Invest, criticized Hindenburg's short report on Block Inc. as "wildly misleading" and accused the short seller of underestimating the intelligence of investors and analysts. Ark Invest has been buying up Block shares since the release of the report, holding the stock in three of its ETFs. The short report claimed that Cash App was the only electronic P2P payment processor mentioned in a COVID-19 fraud indictment, but failed to mention that the defrauded funds had come via Bank of America.