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Technology Stocks : C3ai

AI 17.58

+3.2%

Oct 31 9:30 AM EDT

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From: Julius Wong	4/4/2023 10:59:48 AM
	of 132

C3.ai drops after short seller warns auditor on alleged accounting issues Apr. 04, 2023 10:04 AM ET C3.ai, Inc. (AI) By: Joshua Fineman, SA News Editor 8 Comments hapabapa C3.ai (NYSE: AI) fell 12% after Kerrisdale Capital, which released a short report on the company last month, wrote a letter to the company's auditor outlining its concerns. Kerrisdale, run by Sahm Adrangi, sent a letter to Deloitte & Touche, highlighting its concerns with alleged accounting issues at C3.Ai ( AI). Shares of C3.ai skyrocketed 22% on Friday as investors poured into the artificial intelligence stock on the last day of the first quarter of the year. The company, like many in the AI space, has become one of the hottest on Wall Street of late since Microsoft ( MSFT) announced a multi-year, multi-billion-dollar partnership with ChatGPT developer OpenAI. C3.ai didn't immediately respond to Seeking Alpha email request for comment. C3.ai ( AI) short interest is 27.5%

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