C3.ai stock plummets on short-seller allegations.
TL;DR
C3.ai shares are expected to continue falling after short-seller Kerrisdale Capital alleged "accounting issues" at the AI software developer, causing shares to drop over 26%. C3.ai denied the allegations, stating that the accounting disclosures and financial statements have been reviewed by an independent audit firm and are complete and correct. Other AI-related stocks, including SoundHound AI, Guardforce AI, and BigBear.ai, were also trading lower. C3.ai's short interest is 27.5%.
- C3.ai stock likely to extend losses after letter from short seller (NYSE:AI) Seeking Alpha
- C3.ai Plunges 26% On Kerrisdale Capital's Letter To Auditor Investor's Business Daily
- C3.ai stock sinks following short-seller letter Yahoo Finance
- C3.ai Plunges After Short-Seller Alleges Accounting Issues Yahoo Finance
- C3.ai's valuation profit 'ridiculously overvalued': Kerrisdale's Sahm Adrangi CNBC Television
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