Blink Charging Responds To Short Report After Stock Drops 25%

Blink Charging (NASDAQ: BLNK) shares traded sharply lower on Thursday following a short report released Wednesday by Culper Research.The company issued a press release saying the short seller’s report was filled with “false, manipulative and defamatory reports.”What Happened: Blink Charging is an owner, operator, and provider of electric vehicle charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to recharge at various location types.Culper Research issued a report on Blink Charging, saying “the company has vastly exaggerated the size of its EV charging network in order to siphon money from the pockets of investors …read more

Source:: Yahoo Finance

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