Maison Solutions Issues Statement Regarding Short Attack On Its Securities
Portfolio Pulse from Benzinga Newsdesk
Maison Solutions Inc. (NASDAQ:MSS) has responded to a short attack on its stock, which occurred on December 15, 2023, following a negative report by Hindenburg Research. The company claims the report contained inaccurate and misleading statements designed to benefit short sellers by causing a decline in stock price. Maison Solutions intends to take appropriate steps to protect its stakeholders and continue building the company.
December 18, 2023 | 1:16 pm
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NEGATIVE IMPACT
Maison Solutions Inc. is addressing the short attack from December 15, 2023, and disputes the claims made by Hindenburg Research. The company is considering taking action to protect its shareholders and maintain its growth trajectory.
The short attack and negative report by Hindenburg Research are likely to have caused a significant drop in MSS's stock price. The company's rebuttal may provide some support to the stock, but the initial impact of the report and the market's reaction to short attacks typically result in downward pressure on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100