Applied Digital ( NASDAQ: APLD ) fell 4% amid a new short call from The Friendly Bear. The Friendly Bear highlighted governance issues with Applied Digital in its short report as well as its relationship with B. Riley ( RILY ). Friendly Bear is short Applied Digital ( APLD ) and B. Riley. The latest short report on Applied Digital ( APLD ) comes after the shares surged over 30% on Monday and Tuesday as the company issued a stronger-than-expected forecast for fiscal 2024. Earlier this month, Wolfpack Research and The Bear Cave r eleased short reports on Applied Digital. Applied Digital's ( APLD ) shares have gained over 400% this year. Applied Digital ( APLD ) and B. Riley ( RILY ) didn't immediately respond to Seeking Alpha's email request for comment. Applied Digital's ( APLD ) short interest is 22%.
