Watching Qifu Technology; Grizzly Research Issues Report On Co Tilted "We Believe Qifu Technology, Inc. (NASDAQ: QFIN) is a China Hustle Stock with Outright Fake Financials, Fraudulent Backers, and an Imploding Business"
Portfolio Pulse from Benzinga Newsdesk
Grizzly Research has issued a report on Qifu Technology, Inc. (NASDAQ: QFIN), alleging that the company is a 'China Hustle Stock' with fake financials, fraudulent backers, and a failing business model.
September 26, 2024 | 1:54 pm
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Grizzly Research has accused Qifu Technology of being a 'China Hustle Stock' with fake financials and fraudulent backers, which could lead to significant stock price volatility.
The report by Grizzly Research is likely to cause concern among investors, potentially leading to a sell-off in QFIN shares. Allegations of fake financials and fraudulent backers are serious and could impact investor confidence significantly.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100