
The first two trading days in 2025 are turning out to be more exciting than one would expect from a holiday-shortened week. Investors can thank Hindenburg Research for that.
Yesterday around noon, the well-known short-seller released a report suggesting Carvana (CVNA) was cooking its books, calling its 2024 turnaround a “Mirage.” As a result, 9.4 million CVNA shares traded Thursday, 3x the 30-day average.