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Spruce Point Capital Is Betting Against Remitly Global Stock, Short Seller Says Shares Could Fall To $9 Amid 'Tectonic Shift' Across Industry

Summary

Spruce Point Capital Management announces a new short position against Remitly Global as the short seller believes there's reason to be skeptical of the company's financial reporting and valuation.

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Article published on March 11, 2025 by benzinga