An important report by short sellers has hampered ‘s stock
Block
and, while analysts are divided on the stock’s outlook, the consensus on Wall Street continues to lean bullish for the fintech company run by former Twitter CEO Jack Dorsey.
Block shares (ticker: SQ) fell 14.8% on Thursday and fell another 4% in the premarket session on Friday after Hindenburg study reveals a short position in the company – bet on its stock price – and publish a key report on the group.
