​Super Micro Shares Plunge 15% After Company Delays 10-K, One Day After Hindenburg Alleges Accounting Manipulation – Tyler Durden

Super Micro Shares Plunge 15% After Company Delays 10-K, One Day After Hindenburg Alleges Accounting Manipulation Shares of Super Micro Computer are down over 15% heading into the cash open after the server company said it would be delaying its 10-K filing for FY 2024. The delay comes one day after short seller Hindenburg Research alleged “fresh evidence” of accounting manipulation at the company.  “Additional time is needed for SMCI’s management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024,” a filing from the company read.  Yesterday…  — Continue at ZeroHedge News : Read More