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C3.ai Stock Drops 26% After Short-Seller's Allegations.

1 min read
Source: Reuters
C3.ai Stock Drops 26% After Short-Seller's Allegations.
Photo: Reuters
TL;DR Summary

C3.ai's stock dropped 26% after short seller Kerrisdale Capital alleged "serious accounting and disclosure issues", claiming that the company used aggressive accounting to inflate its income statement metrics and conceal deterioration in its underlying operations. C3.ai has not yet responded to the allegations.

Topics:business#accounting#c3ai#finance#ipo#short-seller#stock-market
Share this article
  1. C3.ai tumbles 26% after letter from short seller  Reuters
  2. C3.ai Plunges 26% On Kerrisdale Capital's Letter To Auditor  Investor's Business Daily
  3. C3.ai's valuation profit 'ridiculously overvalued': Kerrisdale's Sahm Adrangi  CNBC Television
  4. C3.ai Plunges After Short-Seller Alleges Accounting Issues  Yahoo Finance
  5. C3.ai stock sinks following short-seller letter  Yahoo Finance

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