Axos Fights Back Against Short Seller's 'Evergreening' Allegations
Portfolio Pulse from Lekha Gupta
Axos Financial, Inc. (NYSE:AX) has responded to Hindenburg Research's short report, which accused the company of misleading and false allegations regarding its credit performance and loan practices. Axos defended its position by highlighting its robust collateral protection and low loan-to-value ratios. The Acquirers Fund (NYSE:ZIG) and WisdomTree U.S. SmallCap Fund (NYSE:EES) provide exposure to Axos stock.
June 05, 2024 | 4:44 pm
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POSITIVE IMPACT
Axos Financial (AX) has responded to Hindenburg Research's short report, defending its credit practices and loan-to-value ratios. The company emphasized its robust collateral protection and low LTV ratios.
Axos Financial's detailed response to the short report and its emphasis on robust collateral protection and low LTV ratios are likely to reassure investors, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
WisdomTree U.S. SmallCap Fund (EES) provides exposure to Axos Financial (AX), which has recently defended itself against a short report by Hindenburg Research.
Given that EES holds Axos Financial, the positive defense by Axos could have a favorable impact on EES's performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Acquirers Fund (ZIG) provides exposure to Axos Financial (AX), which has recently defended itself against a short report by Hindenburg Research.
Given that ZIG holds Axos Financial, the positive defense by Axos could have a favorable impact on ZIG's performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50