BNPL firm Sezzle dives after Hindenburg discloses short position

Sezzle

18/12/2024 16:40

** Buy now, pay later firm Sezzle  SEZL.O  plunges 25.3% to
$235.22 after short seller Hindenburg Research reveals short
position
    ** Hindenburg says its findings show Sezzle is borrowing
expensive capital to make extremely risky loans through a
struggling platform that is rapidly losing customers and
merchants 
    ** "The company has reported rosy numbers using short-term
tricks, giving insiders an opportunity to exit. We do not see
Sezzle surviving in the long-term" - Hindenburg's report 
    ** Reuters could not independently verify the claims in the
short seller's report
    ** Sezzle did not immediately respond to a Reuters request
for comment
    ** Including session's move, stock is up 1,143% YTD

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))