Short-Seller Carson Block Targets E.l.f Beauty; Stock Falls -- WSJ

Dow Jones11-21 01:24

By Caitlin McCabe

Short-seller Carson Block has a new target: e.l.f. Beauty.

Speaking at the Sohn investment conference in London Wednesday, the founder of Muddy Waters Research raised questions about the company's sales, profits and inventory. E.l.f. didn't immediately respond to a request for comment.

Block didn't disclose the size of his short position while speaking, or in a report posted on the Muddy Waters website. Short sellers seek to profit from stock selloffs. They do this by selling borrowed shares, hoping to later close their position by buying back stock at a lower price.

The report said that upon publication, Block's firm intends to "begin covering a substantial majority-or possibly all-of our short positions."

E.l.f shares were recently down about 11%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 20, 2024 12:24 ET (17:24 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Beauty. \n\n\n     Speaking at the Sohn investment conference in London Wednesday, the founder of Muddy Waters Research raised...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485404371","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485404371","pubTimestamp":1732123440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Short-seller Carson Block has a new target: e.l.f. 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