Kaspi.kz Issues Statement On Short-Seller Research; Says "In Our View, The Report Is Misleading, Inaccurate And Misrepresents Our Business. Being The First Company From Kazakhstan To Successfully List On Nasdaq Has Obviously Raised Our Profile Amongst Short Sellers. For Those Investors Who Have Known Us Over The Years, Our Reputation Speaks For Itself."
Portfolio Pulse from Benzinga Newsdesk
Kaspi.kz, the first Kazakhstani company listed on Nasdaq, has issued a statement countering a report by Culper Research. The company claims the report is misleading and misrepresents its business.
September 19, 2024 | 4:09 pm
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NEGATIVE IMPACT
Kaspi.kz has issued a statement refuting claims made in a short-seller report by Culper Research, labeling it as misleading and inaccurate. The company emphasizes its reputable standing as the first Kazakhstani firm on Nasdaq.
The statement from Kaspi.kz suggests a defensive stance against negative claims, which could lead to short-term volatility in its stock price. The mention of short-seller interest indicates potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100