Xponential Fitness tumbles after Fuzzy Panda takes short position

Xponential Fitness

27/06/2023 14:43

(Updates)
    ** Shares of Xponential Fitness  XPOF.N  slump 25% at $18.81
in early trade - lowest since Nov. 10
    ** Short-seller Fuzzy Panda Research says it is short on the
boutique fitness franchiser
    ** Says in the past, CEO Anthony Geisler was part of "boiler
room pump and dump to mislead investors"
    ** "XPOF is hiding the fact that many of their brands and
franchisees are struggling" - Fuzzy Panda
    ** Adds franchisee businesses revealed losses were so bad
that they sold their studios back to XPOF for $1
    ** Xponential did not immediately respond to a Reuters
request for comment
    ** YTD, stock up 9.5%, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))