What Goes Up, Must… –
Nov. 16, 2018 – Traders are reacting harshly to a short-seller report that was published by an author named Penn Little today. The crux of the short-seller’s argument is that Acadia is engaged in a number of questionable business practices and that its books do not look as good as they appear. What’s more, inside ownership of the company has dropped significantly in the last three years, which suggests that those who know the company best are fleeing from a sinking ship.
