Qifu Technology Responds To Short Seller Report; Says "The Company Believes That The Report Is Without Merit And Contains Inaccurate Information, Flawed Analyses, Misleading Conclusions And Interpretations Regarding Information Relating To The Company."
Portfolio Pulse from Benzinga Newsdesk
Qifu Technology, Inc. (NASDAQ:QFIN) has responded to a short seller report by Grizzly Research, refuting claims of financial inaccuracies and mismanagement. The company asserts that the report contains flawed analyses and misleading conclusions. Qifu Technology highlights its strong financial performance, including significant revenues and profits, and its commitment to shareholder returns through dividends and stock repurchases. The company also addresses and rebuts various claims regarding its financial practices, regional headquarters, and loan interest rates.
September 27, 2024 | 1:28 pm
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Qifu Technology has strongly refuted a short seller report, asserting that the claims are baseless and highlighting its robust financial performance and shareholder returns. The company emphasizes its commitment to transparency and governance.
Qifu Technology's strong rebuttal of the short seller report and emphasis on its financial health and shareholder returns are likely to reassure investors, potentially leading to a positive short-term impact on its stock price. The company's proactive response and detailed refutation of the claims may help mitigate any negative sentiment caused by the report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100