- Yalla Group Ltd (NYSE: YALA) has confirmed short attack reports containing multiple inaccurate and unproven claims regarding the company.
- Yalla’s response is to Swan Street Research’s short call report, which sees the stock at $1-2 per share, implying a 90% downside.
- Short-seller Gotham City Research had compared Yalla to Let’s Gowex and Luckin Coffee in a series of tweets.
- Yalla said that the attacks were meant to cause a stock price decline to benefit the short sellers and harm the public shareholders.
- The short attack reports also depicted the authors’ lack of understanding of the company’s business model, Yalla added.
- Yalla will consider necessary action to protect the company and stakeholders’ interests.
- Yalla has vouched for the accuracy of its audited financial statements and other public disclosure filed with the SEC and investors.
- Price action: YALA shares closed lower by 7.15% at $17.01 on Wednesday.
Super Micro Computer Q4 Adj. EPS $0.81 Beats $0.78 Estimate, Sales $1.07B Beat $1.02B Estimate
Super Micro Computer (NASDAQ:SMCI) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.78 by 3.85 percent. This is a 19.12 percent increase over earnings of $0.68 per share from
