BUZZ-BNPL firm Sezzle dives after Hindenburg discloses short position

Reuters12-19

** Buy now, pay later firm Sezzle plunges 25.3% to $235.22 after short seller Hindenburg Research reveals short position

** Hindenburg says its findings show Sezzle is borrowing expensive capital to make extremely risky loans through a struggling platform that is rapidly losing customers and merchants

** "The company has reported rosy numbers using short-term tricks, giving insiders an opportunity to exit. We do not see Sezzle surviving in the long-term" - Hindenburg's report

** Reuters could not independently verify the claims in the short seller's report

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

** Including session's move, stock is up 1,143% YTD

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com;))

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