Carson Block, CEO of Muddy Waters Capital, said he is shorting shares of Elf Beauty Inc. A high-profile short by an activist short-seller can create near-term selling pressure and negative investor sentiment, likely moving the stock by roughly 1-3% and drawing increased attention to the company's fundamentals and retail positioning.
Carson Block, CEO of Muddy Waters Capital, said he is shorting shares of Elf Beauty Inc. A high-profile short by an activist short-seller can create near-term selling pressure and negative investor sentiment, likely moving the stock by roughly 1-3% and drawing increased attention to the company's fundamentals and retail positioning.
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mildly negative
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