Culper Research published a report on December 2, 2020 entitled “OrthoPediatrics Corp. (KIDS): Even Channel Stuffing Can’t Save This Company[.]” It was alleged in this report that OrthoPediatrics has “engaged in a channel stuffing scheme that has systematically and significantly overstated revenues.” On December 3, 2020, OrthoPediatric’s stock price fell $5.40 per share on this news, , or 12%, to close at $39.35 per share.
Then on December 14, 2020, Culper Research published a second report entitled “OrthoPediatrics Corp. (KIDS): Pleading the Fifth” in which it was alleged that OrthoPediatrics “is a structurally broken business which has relied on nefarious tactics to inflate its reported revenues.”
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