Sezzle (SEZL) shares slid more than 13% in recent trading Wednesday following a report by short-seller Hindenburg Research.
Hindenburg in its report called Sezzle a "failing" buy-now-pay-later platform that has "reported rosy numbers using short-term tricks, giving insiders an opportunity to exit."
Sezzle is borrowing expensive capital to make risky loans on a platform that is losing customers, the short-seller said.
"We do not see Sezzle surviving in the long-term," Hindenburg said.
Sezzle didn't immediately respond to a request for comment from MT Newswires.
Price: 273.00, Change: -42.18, Percent Change: -13.38
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