SharkNinja A 'China Hustle Based On Rampant Looting': Short Report

Short-seller Grizzly Research released a report titled, "We Believe SharkNinja, Inc. (NYSE:SN) is a China Hustle Based on Rampant Looting and Conflicts of Interest with the Chinese Chairman" on Thursday. Here's a look at the allegations in the report. 

The Details: Grizzly Research alleges that SharkNinja "engaged in some of the worst practices of old-school China hustle stocks" including: 

• Allegations of transferring assets to insiders for a nominal consideration
• Allegations of overleveraging the company before its IPO in order to pay special dividends to a controlling shareholder
• Claims of nepotism
• Allegations of an undisclosed related party ...

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