Stride falls as Fuzzy Panda Research discloses short position

Stride

16/10/2024 14:07

** Shares of edutech firm Stride  LRN.N  fall 1% to $69.94
premarket
    ** Fuzzy Panda Research discloses short position in Stride,
says the U.S. government's economic stimulus during pandemic,
the Elementary & Secondary School Emergency Relief Funds
(ESSER), boosted LRN's profits
    ** Says co's operating profit could fall as ESSER funds have
expired as of Sept. 30
    ** Reuters could not independently verify the claims made by
Fuzzy Panda Research
    ** Stride did not immediately respond to a Reuters request
for comment
    ** Up to last close, LRN had risen ~19% this year

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))