C3.ai Stock Swoons as Short Seller Alleges Accounting Issues


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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.