Reported about 1 month ago
Super Micro Computer (SMCI) shares fell 19% after the company announced a delay in filing its annual report, following allegations from short seller Hindenburg Research regarding accounting manipulation and financial mismanagement. Despite earlier stock price surges due to AI market interest, the company's troubled history and reputational concerns have led to significant short-selling activity, with short sellers reportedly gaining over $840 million from the downturn.
Source: YAHOO