Spruce Point Capital

Spruce Point Capital Management produced a short report on Generac Holdings Inc. (NYSE: GNRC) in late June, calling the company’s shares materially overvalued while accusing the company of several shady M&A deals. Spruce Point showed renewed interest in its short report on Wednesday...

Spruce Point Capital Management announced Tuesday that it is short shares of  Skechers U.S.A., Inc (NYSE: SKX). The short seller said it conducted a forensic financial evaluation of Skechers and found via channel checks in China that the footwear seller's revenue trends are "...

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...

C3.ai (NYSE: AI) shares fell in pre-market trading following a short-sell call by Spruce Point Capital. The report entitled "Real Intelligence: Sell C3.ai" outlines why the short-selling firm believes shares face "up to 40% to 50% downside risk" to $12.85-$15.40 per...

Spruce Point Capital Management, LLC issued a report entitled "Moderating The Bull Case Content," justifying TaskUs, Inc (NASDAQ: TASK) facing up to 25% - 50% long-term downside risk, or $17.80 – $26.70 per share. The report uncovered evidence of CEO and co-...

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week's bullish calls included a U.S. EV manufacturer and a leading beverage company. Big tech company and a sports betting operator were among the bearish calls seen. Technology companies...

Gainers Insignia Systems, Inc. (NASDAQ: ISIG) shares surged 84.1% to close at $19.11 on Wednesday. Insignia Systems recently announced the commencement of a formal process to explore strategic options to maximize shareholder value, including potential merger or acquisition. Pioneer Power...

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...

Toward the end of trading Wednesday, the Dow traded down 0.08% to 35,692.63 while the NASDAQ rose 0.45% to 15,757.04. The S&P also rose, gaining 0.12% to 4,692.41. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 50,270,130 cases with around 812...

Midway through trading Wednesday, the Dow traded down 0.13% to 35,673.40 while the NASDAQ fell 0.10% to 15,670.88. The S&P also fell, dropping 0.11% to 4,681.64. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 50,270,130 cases with around 812,...

Gainers Insignia Systems, Inc. (NASDAQ: ISIG) shares jumped 79% to $18.63. Insignia Systems recently announced the commencement of a formal process to explore strategic options to maximize shareholder value, including potential merger or acquisition. CooTek (Cayman) Inc. (NYSE: CTK) rose 17.8% to...

Following the market opening Wednesday, the Dow traded up 0.10% to 35,754.05 while the NASDAQ fell 0.09% to 15,672.72. The S&P also rose, gaining 0.06% to 4,689.49. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 50,270,130 cases with around...

Spruce Point Capital Management conducted a "forensic financial and accounting review" on Lightspeed Commerce Inc (NYSE: LSPD). Spruce believes Lightspeed is a "cash degenerative" North American roll-up of point-of-sale commerce solutions that has "...

Two companies that went public via SPAC in the sports betting sector announced a partnership ahead of the upcoming National Football League season. What Happened: Draftkings Inc (NASDAQ: DKNG) and Genius Sports (NYSE: GENI) announced a multi-year sports data supplier agreement. Under the terms...