Reported Late Monday, NuScale Power Issues Statement Responding To Short-Seller Report, Denies SEC Investigation Claims
Portfolio Pulse from Benzinga Newsdesk
NuScale Power has issued a statement denying claims made by short-seller Hunterbrook about an SEC investigation. The company asserts that the SEC has not communicated any investigation and that it is unaware of any reason for such an investigation.
July 30, 2024 | 7:11 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
NuScale Power has denied claims by short-seller Hunterbrook regarding an SEC investigation. The company states that the SEC has not communicated any investigation and that it is unaware of any reason for such an investigation.
NuScale Power's denial of the SEC investigation claims could alleviate investor concerns, potentially leading to a positive short-term impact on the stock price. The company's clear communication and refutation of the short-seller's claims may restore investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100