AirSculpt Technologies Faces Stock Plunge Amid Short Seller Allegations
The company's shares fell sharply after Fuzzy Panda Research accused it of malpractice, raising concerns about its financial stability.
- AirSculpt Technologies' stock plummeted by 30% following accusations from Fuzzy Panda Research, which declared a short position in the company.
- Fuzzy Panda's allegations include 'multiple malpractice lawsuits' against AirSculpt, though these claims have not been independently verified.
- AirSculpt Technologies, known for its innovative fat removal procedures, has not responded to requests for comments regarding the accusations.
- The company's financial health has been a concern, with reports highlighting its heavy reliance on debt and significant debt levels.
- Investors and market watchers are closely monitoring the situation, as the allegations and the company's silence raise serious concerns about its future.