C3.ai Stock Swoons as Short Seller Alleges Accounting Issues
- Order Reprints
- Print Article
C3.ai shares are falling sharply after the short-selling firm Kerrisdale Capital published a letter to the artificial intelligence software company’s auditors alleging a series of accounting irregularities, including that it is overstating revenue and margins.
C3.ai shares were off 27%, to $24.80 on Tuesday afternoon. The stock remains more than 120% higher so far this year.
Already a subscriber? Sign In