BNPL lender Sezzle plunges as short-seller Hindenburg Research takes aim
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Sezzle's shares dropped significantly after Hindenburg Research revealed a short position, criticizing the company's risky lending practices and a decrease in customers and merchants.
December 18, 2024 | 6:00 pm
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Sezzle's stock experienced a sharp decline following Hindenburg Research's short position announcement, which highlighted concerns over risky lending practices and a reduction in customers and merchants.
The announcement by Hindenburg Research, a known short-seller, typically leads to negative sentiment and selling pressure on the targeted stock. Their focus on Sezzle's risky lending practices and declining customer base raises concerns about the company's financial health, likely causing the stock to drop.
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