Why Karman Holdings Stock Was Wilting Again This Week
The company was the subject of a highly critical short-seller report.
Overview
Beaten-down defense and space industry components maker Karman (NYSE: KRMN) can't seem to catch a break. The company has suffered a string of setbacks, and this week it had to endure a new indignity: a short-seller's report.
With that squawking albatross at its back, Karman's shares were dropping by 11% week to date as of late Friday night, according to data compiled by S&P Global Market Intelligence.
Details
That short-seller, J Capital, made the case for shorting Karman in a post on its Substack publication "The Equity Dispatch."
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.