{"id":17275,"date":"2025-03-11T18:31:31","date_gmt":"2025-03-11T18:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17275"},"modified":"2025-03-11T18:31:31","modified_gmt":"2025-03-11T18:31:31","slug":"spruce-point-capital-is-betting-against-remitly-global-stock-short-seller-says-shares-could-fall-to-9-amid-tectonic-shift-across-industry","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17275","title":{"rendered":"Spruce Point Capital Is Betting Against Remitly Global Stock, Short Seller Says Shares Could Fall To $9 Amid &#8216;Tectonic Shift&#8217; Across Industry"},"content":{"rendered":"<div>\n<p><strong>Spruce Point Capital Management<\/strong> has announced a new short position against <strong>Remitly Global Inc<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RELY#NASDAQ\">RELY<\/a>) as the short seller believes there\u2019s reason to be skeptical of the company\u2019s<a href=\"https:\/\/www.benzinga.com\/pressreleases\/25\/03\/b44245783\/spruce-point-capital-management-announces-investment-opinion-releases-report-and-strong-sell-resea\"> financial reporting and valuation<\/a>.<\/p>\n<p><strong>What To Know: <\/strong>Spruce Point targeted Remitly Global in a new bearish research report that provides evidence of doctored reviews and unreliable accounting practices, suggesting the stock is overvalued.<\/p>\n<p>Benzinga contacted Remitly Global for comment on the report, with a representative responding, \u201cThanks for reaching out. We&#8217;re aware of the report and are in the process of reviewing its claims. I will be back in touch as soon as possible.\u201d<\/p>\n<p>Remitly is a\u00a0provider of cross-border remittance services through its mobile app and website. The company relies on positive customer reviews to drive business, according to Spruce Point.<\/p>\n<p>\u201cBased on our research, we do not believe that Remitly &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/short-ideas\/25\/03\/44258682\/spruce-point-capital-is-betting-against-remitly-global-stock-short-seller-says-shares-c\" alt=\"Spruce\" point capital is betting against remitly global stock short seller says shares could fall to amid shift across industry>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Spruce Point Capital Management has announced a new short position against Remitly Global Inc (NASDAQ:RELY) as the short seller believes there\u2019s reason to be skeptical of the company\u2019s financial reporting and valuation. What To Know: Spruce Point targeted Remitly Global in a new bearish research report that provides evidence of doctored reviews and unreliable accounting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17275","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17275"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17275\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}