C3.ai Continued to Drop Over 6% in Premarket Trading and Crashed Nearly 30% in 2 Days on Short Seller’S Accounting Allegations
$C3.ai, Inc.(AI)$ continued to drop over 6% in premarket trading and crashed nearly 30% in 2 days on short seller’s accounting allegations.
Kerrisdale Capital Management, which has publicly disclosed that it’s betting that C3 shares will fall in value, said it sent a letter directly to C3.ai’s auditor, Deloitte, to highlight its charge of accounting and disclosure issues.
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