Block Stock Plunges After Short Position

Sean Marshall
By Sean Marshall
March 24, 2023NTD Business

Activist Hindenburg research has taken a short position in shares of Block Inc. causing a massive reduction in share price.

Hindenburg Research disclosed betting-against positions in Block Inc.

Block is a global tech company focused on financial services.

After finding potential wrongdoing, Hindenburg usually publishes a report explaining the case and bets against the target company, hoping to make a profit.

Block is made up of Square, Cash App, Spiral, TIDAL, and TBD.