Should Super Micro Computer's Response to Short-Selling Report Ease Investor Fears?
Following the Labor Day holiday in the U.S., Super Micro Computer (NASDAQ: SMCI), or Supermicro as it is commonly called, responded to a recent short-selling report from Hindenburg Research. The company sent a letter to its customers and partners and put the letter in a filing with the SEC.
The question is, should company's response ease investors' concerns?
Last week, Hindenburg -- which has a short position in Supermicro and thus benefits when the stock drops -- raised several issues with how Supermicro does business. The allegations included evading sanctions and shipping banned components to Russia, management self-dealing, and accounting manipulation.
Source Fool.com
