Research firm releases highly critical report on SmileDirectClub

Business Insider reports that Hindenburg Research has released a report on SmileDirectClub detailing the company’s issues and reasons the firm decided to short the stock. The report details financial, regulatory, and competitive reasons why Hindenburg sees their stock falling 85% below current levels. In September, they posted the worst first-day performance since 2007 for a US initial public offering over $1 billion, according to Bloomberg data.
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