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Fuzzy Panda Research has issued a short report against Stride Inc. (LRN), alleging that the company is the last 'Covid over earner' and is hiding that over 25% of its EBITDA came from Covid 'ESSER' funds. The report claims that the windfall from these funds is now gone, which could significantly impact the company's financial performance. Following the release of the report, Stride Inc.'s stock dropped by 2.7% in pre-market trading.
Fuzzy Panda has a great track record on @BreakoutPoint, this time with a new short report out against $LRN. It looks pretty damning. https://t.co/uJ6lbU0wtb
$LRN (-2.7% pre) Stride Inc (LRN) – The Last Covid Over Earner – Hiding That Est >25% of EBITDA Came from Covid Funds - Fuzzy Panda https://t.co/tmlx5fYt4C
Fuzzy panda short $LRN https://t.co/0K8KUJoyNU