BUZZ-LendingTree hits 9-month low after Culper Research takes short position

Reuters12-06
BUZZ-<a href="https://laohu8.com/S/TREE">LendingTree</a> hits 9-month low after Culper Research takes short position

** Shares of online lending marketplace LendingTree TREE.O slide as much as 9.3%; last down 8.8% at $35.16

** Stock trading at its lowest in nine months

** Culper Research reveals it is short on LendingTree

** Short-seller alleges TREE has failed to properly disclose two "massive blows" to its businesses

** Culper Research also alleges that class action litigations being faced by TREE have now grown into an "existential risk" exposing it to millions in damages

** LendingTree did not immediately respond to a Reuters request for comment

** Reuters could not independently verify the claims in the report

** As of last close, TREE shares up 27.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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