Thursday is turning out to be a bad day for Block (NYSE:SQ) stock. Shares of the digital payments specialist are down 14%, as of this writing, after a short seller launched an attack on the company.
Yesterday, Hindenburg issued a long short report on Block and the stock dropped 15%. I have read the full report and categorize the accusations in two categories: nothingburgers and more substantial ...
Block was hit by a short-seller report from a prominent investment research outfit. Investors must consider every side of this story. While Block's stock is down, it's best to wait before either ...
Hindenburg's estimate of downside risk is based on poor logic. The report focuses on only 1 of Block's 3 major reportable segments. Hindenburg fails to mention the most noteworthy risk: stock-based ...
Block shares dropped sharply on Thursday after Hindenburg Research said it's shorting the payments company. The short-seller said its 2-year investigation indicated the company used inflated metrics ...