Spruce Point Capital Management

Editor’s note: This story has been updated to include a statement from a Tempus AI spokesperson. Spruce Point Capital Management has announced a new short position against Tempus AI Inc. (NASDAQ:TEM). On Wednesday, the short seller raised concerns about the company’s management team....

On Wednesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average falling 0.6% to 42,098.70 and the S&P 500 slipping by a similar margin to 5,888.55. The Nasdaq shed 0.5% to finish at 19,100.94. However, stock futures rebounded after a court overturned the Trump tariffs...

Spruce Point Capital Management has announced a short position against Monster Beverage Corp (NASDAQ:MNST) as the short seller sees 25% to 40% downside risk. What To Know: After conducting a forensic financial and accounting review, short seller Spruce Point raised concerns about the...

Spruce Point Capital Management has announced a new short position against Remitly Global Inc (NASDAQ:RELY) as the short seller believes there’s reason to be skeptical of the company’s financial reporting and valuation. What To Know: Spruce Point targeted Remitly Global in a new bearish...

Editor’s note: This story has been updated with a statement from Construction Partners. A short report from Spruce Point Capital Management on Thursday sent shares of Construction Partners Inc (NASDAQ:ROAD) tumbling. Here’s what investors need to know. What To Know: Short-selling...

Zillow Group Inc (NASDAQ:Z) (NASDAQ:ZG) shares are facing selling pressure Tuesday after short seller Spruce Point Capital Management issued a bearish report on the real-estate platform company. Zillow’s Sinking Foundation: Spruce Point sees 40% to 60% long-term downside in Zillow shares as...

In a short report initiated April, 1 2020 with two accompanying updates, Spruce Point Capital Management warned that WD-40 Company (NASDAQ:WDFC) is widely misunderstood and believed to be defensive, but in reality faces both long- and short-term secular pressures."In April 2020 we warned that WD-40...

On Monday's (Oct. 24) episode of the "Stock Market Movers," host Mitch Hoch spoke to Ben Axler, founder and chief investment officer of Spruce Point Capital Management about the biggest opportunities and short potentials for retail investors. Axler and Hoch went through...

In a short report on Generac Holdings Inc. (NYSE: GNRC) that was issued in June, Spruce Point Capital Management speculated the company might be overvalued. A popular stock, Generac has been a top performer over the past 10 years with returns of more than 1,000% during that...

Near the end of August, billionaire investor Ron Baron said he was incredibly bullish on Tesla Inc (NASDAQ: TSLA), SpaceX and a small apparel company he called "the Lululemon of healthcare." Just weeks later, a short seller is taking the other side of the Tesla bull...

Shares of residential portable generator stock Generac Holdings Inc. (NYSE: GNRC) dropped 6.6% on Wednesday morning after short seller Spruce Point Capital Management released a new report on Generac suggesting the stock may be significantly overvalued at current levels. Questionable Decisions: In...

Nuvei Corp (NASDAQ: NVEI) shares dropped 36% on Wednesday after a new short seller report by Spruce Point Capital Management slammed the stock and suggested the company’s management has a track record of nefarious activities. However, Citron Research executive editor Andrew Left took to...

Water heater and boiler manufacturer A.O. Smith Corp (NYSE: AOS) has a material undisclosed partner, Jiangsu UTP Supply Chain, that acts like the company and allows it to "stuff" distributors and inflate gross margins, according to a short report issued Thursday by the firm J Capital...

Burlington Stores Inc (NYSE: BURL) saw its shares hit an intra-day low of $69.22 Thursday morning but have since rebounded more than $1 per share after Spruce Point Capital Management published a short thesis report on the discount retailer chain. Spruce Point noted that Burlington Stores stock...