A critical short-seller’s report has hammered shares in
Block
and, while analysts have been split over the outlook for the stock, the consensus on Wall Street continues to lean bullish for the fintech company run by former Twitter CEO Jack Dorsey.
Block (ticker: SQ) stock tumbled 14.8% on Thursday and was down another 4% in Friday’s premarket session after Hindenburg Research disclosed a short position in the company—betting against its share price—and published a critical report on the group.
Source: https://www.barrons.com/articles/block-stock-jack-dorsey-short-seller-hindenburg-tesla-cathie-wood-ark-69ecdc58?siteid=yhoof2&yptr=yahoo