Short Position Revealed! Aurora Stock Slides Pre-Market After Kerrisdale Capital Says Company Doesn't Have Viable Business Model
(MENAFN- AsiaNet News)
Kerrisdale Capital on Tuesday revealed a short position on autonomous trucking company Aurora Innovation (AUR), alleging that the firm does not have a viable business model.
Kerrisdale said that the market for autonomous trucking is far too small and the profit pool available to Aurora from it is“puny.” Shares of AUR fell 3% in the pre-market session at the time of writing.
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