For most of the year, this is the name that seemed to symbolize the commitment of the sustainability movement, and . Oatly has denied the allegations in a blanket fashion and noted Spruce has a vested interest in lowering Oatly's share price (it's a short seller), but has not responded individually to the allegations in the report, and told us it is not commenting on this lawsuit. Oatly Group's stock is trading down $1.06 today. betting against companies) — known for writing short reports which try to expose fraudulent . Create a false narrative about a company or industry. The report claims OTLY has as much as a 70% downside risk. Oatly is a Swedish company that manufactures oat milk. The assertions were . If they're shorting a stock, there's usually a good reason they are doing so. Shares of Oatly (), the maker of plant-based versions of dairy products, sank on Wednesday following a critical report from an activist short-seller raising concerns about the accuracy of the company's financial statements and the robustness of its Environmental, Social, and Governance (ESG) practices.In a new 124-page report, activist short-seller Ben Axler, the CIO and founder of Spruce . CNBC Television published this video item, entitled "Oatly short-seller on new activist report: 'We have concerns . Greetings from humid New York. Bragar Eagel & Squire, P.C. | Oatly Group AB "Oatly will likely never make money in a notoriously ... The Swedish maker of oat-based milk… Oatly stock falls more than 9% after short seller attacks ... Subscribe to The Global Herald in Google News. Oatly rejects all these false claims by the short seller and stands behind all . Lewis . Oatly Accused of Shady Accounting Practices, Greenwashing ... Oatly short seller says stock worth less than $10 after ... Oatly short seller says stock worth less than $10 after ... If they're shorting a stock, there's usually a good reason they are doing so. And now the lawsuits… Oatly hit with shareholder class ... It is organized under the laws of Sweden and held its U.S. Short selling data can help active investors manage risk. Short sellers tend to do their research. "Oatly rejects all these false claims by the short seller and stands behind all activities and financial reporting." Oat milk sales in the United States are up about 1,200% over the past two years . Oatly becomes a short seller target - Future Food Finance Short-seller Spruce Point targets Oatly over financial ... With the proliferation of brands such as Oatly, ordering refreshing dairy-free ice latte has never been easier. And now the lawsuits… Oatly hit with shareholder class ... Produce a long useless report that no one has the time to read but is effective into thinking there is a long list of issues, when there are none. The company, which started trading on Nasdaq in May, saw its shares falling by over 6% on Wednesday following the revelation by Spruce Point in a report, which stated that there is a long-term potential Oatly faces insolvency. "There are a lot of things we want to say. Oatly's stock fell more than 9% before recovering slightly Thursday after a hedge fund accused the company of overstating its revenue and misleading investors about its sustainability claims. The short seller's report points to the company's recent investor presentation, which showed estimated 2018 U.S. revenue of $12 million. Shares of Oatly (), the maker of plant-based versions of dairy products, sank on Wednesday following a critical report from an activist short-seller raising concerns about the accuracy of the . Filed Under: Business , Startups , Vegan , stock , Short seller , Ben Axler , alternative milk , oat . In this report, we are going to discuss the short selling data on Faraday Future Intelligent Electric Inc (FFIE:US). Short Seller Tactics. Oatly, the Swedish alternative dairy major, has been accused of overstating revenue and misleading investors by short-seller Spruce Point Capital Management.. Create a false narrative about a company or industry. Oatly, in turn, did not address each individual allegation in the report, but told FoodNavigator-USA that it was "aware that a short seller is making false and misleading claims regarding the . Whether you are a Fortune 100 CPG company or a specialty food manufacturer, Echo has solutions to fit your needs. It has a line of non-milk products . Oatly, however, has firmly rejected these accusations. In a statement sent to The Vegan Review, its communication manager Linda Nordgren said: "We are aware that a short seller is making false and misleading claims regarding Oatly. It was always inevitable - the short sellers would target FoodTech. But in the report, the short seller says that the company's June 2021 presentation used data from a 2013 study. And now the lawsuits… Oatly hit with shareholder class action following short seller report, such suits becoming more common, says attorney Glenn K. Vanzura, co-head of Mayer Brown's securities litigation and enforcement practice, was speaking to FoodNavigator-USA after Oatly was targeted in a proposed class action lawsuit* (see box below) on behalf of shareholders who OTLY Stock: The Activist Short Seller Accusations Sending Oatly Shares Lower. Shares fell 5.2% on the news to . Oatly rejects all these false claims by the short seller and stands behind all activities and financial reporting." Oatly was founded in the mid-1990s. Axler's firm, Spruce Point Capital Management, released a report Wednesday with a number of allegations against Oatly, including overstating its revenue and gross margins. Oatly's key markets are Sweden, Germany and the UK, and its products were available in 60,000 retail stores and 32,200 coffee shops around the . Oatly stock falls more than 9% after short seller attacks company's practices. Oatly rejected the charges, noting that Spruce Point is a short seller that would benefit from the stock price's fall. Oatly has rejected accusations by activist short seller Spruce Point Capital Management, which claimed the Swedish brand has overstated its revenue and is greenwashing consumers. Oatly is trading at 17x '21E sales and 75x adjusted gross profit and a $12bn valuation (57% of the 2025 total projected non-dairy milk market)," the short seller said.