Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

So What's Happening With Natera Shares?

Natera Inc (NASDAQ:NTRA) shares are trading lower by 31.2% at $37.66 after Hindenburg Research issued a short report on the stock.

Hindenburg Research stated, "Based on more than 2 dozen interviews with former Natera employees, patients and industry experts, a review of hundreds of online complaints, FOIA requests to state Medicaid offices and state Attorneys General, and the company’s financial filings, we show how Natera’s revenue growth has been fueled by deceptive sales and billing practices aimed at doctors, insurance companies and expectant mothers."

Natera at 2:33pm EST issued a press release responding to the short report: "We disagree with the accuracy of the recent report generated by short sellers Hindenburg Research in an attempt to make a quick profit. This is the same story short sellers have been pitching for many years." Read More

Hindenburg Research is one of many short seller firms being probed by the Department of Justice, according to a Feburary Bloomberg Law report

Natera Inc is operative in the health care field in the United States.

Natera has a 52-week high of $129.09 and a 52-week low of $26.10.

Editor's note: This story has been updated to reflect changes made by Natera to its press release on the short report. 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.