Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Short-seller's allegations hit SMCI: Short or long?
On August 28, $Super Micro Computer (SMCI.US)$ saw its stock drop by 21% after delaying the filing of its annual 10-K report due to concerns Show More
On August 28, $Super Micro Computer (SMCI.US)$ saw its stock drop by 21% after delaying the filing of its annual 10-K report due to concerns over "the design and operating effectiveness of its internal controls over financial reporting." The delay came after Hindenburg Research disclosed its short position against the company. This has sparked negative reactions from investors. However, JPMorgan analysts have noted that some of Hindenburg’s claims are “difficult to verify” and that the report lacked detailed information about the alleged misconduct.

🎙️Discussion
1. How will SMCI’s recent drop influence your investment strategy?
2. Are you optimistic about SMCI's upcoming earnings report?
Views
117K
Posts
26
Join topic
Posts
News
Latest
Hot
Related Stocks
  • SMCI
    Super Micro Computer
    455.220
    +2.64%
  • MSFT
    Microsoft
    418.260
    +1.87%
  • GOOGL
    Alphabet-A
    164.340
    +0.91%
  • ADBE
    Adobe
    574.560
    +2.50%
  • CRM
    Salesforce
    259.790
    +0.34%