EXCLUSIVE: Applied Digital On The Earlier Issued Short Report Tells Benzinga 'We strongly disagree with the conclusions drawn in the report. The company was never contacted by the author of the report, which contains many inaccurate and misleading claims. Over time the business will speak for itself'
Portfolio Pulse from Happy Mohamed
Applied Digital (APLD) has responded to a short report issued earlier, stating that they 'strongly disagree' with the conclusions drawn in the report. The company claims that the report contains many inaccurate and misleading claims and that they were never contacted by the author of the report.
July 06, 2023 | 4:49 pm
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NEUTRAL IMPACT
Applied Digital's response to the short report could potentially influence investor sentiment and impact the company's stock price.
Applied Digital's strong disagreement with the short report and their claim of inaccuracies could potentially sway investor sentiment. However, the actual impact on the stock price will depend on how investors perceive the company's response and whether they believe the company's claims of inaccuracies in the report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100