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Stock Track | SUPER MICRO COMPUTER INC Plummets 5.66% as Short Seller Report Raises Accounting Concerns

Stock Track2024-12-27

SUPER MICRO COMPUTER INC (NASDAQ: SMCI) stock experienced a significant plummet of 5.66% in the intraday trading session on Friday, December 27th. The sharp decline followed concerns raised by a short seller report regarding the company's accounting practices and failure to file its annual report.

The controversy surrounding SMCI stems from a report published by Hindenburg Research, a renowned short seller firm. The report highlighted alleged accounting discrepancies within the company's financial statements, raising questions about the accuracy and transparency of SMCI's reporting practices.

Additionally, SMCI's inability to file its annual report on time has further fueled investor concerns. The company's failure to meet regulatory filing deadlines has cast doubts on its financial management and governance, contributing to the stock's sell-off.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment2

  • 2020TS
    ·2024-12-30
    Bad ppl
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  • LeonardKSW
    ·2024-12-27
    Keep saying old story..
    Reply
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