08:35 AM EDT, 09/24/2025 (MT Newswires) -- goeasy (GSY.TO) , whose shares fall over 5% yesterday, Wednesday slammed findings in a report by short seller Jehosophat Research and reaffirmed its guidance.

"We categorically deny and refute the characterizations and conclusions presented in this report and want to assure all stakeholders that goeasy remains confident in both the quality of our consumer loan portfolio and our ability to serve Canadians with near-to-non-prime credit in a responsible, sustainable way," the company said in a statement.

Among other things, the short seller claims that goeasy is "sitting on ~$300m worth of improperly delayed credit losses and unreported serious delinquencies that have been buried in the balance sheet like dead bodies in the snow. It's a classic subprime loan time bomb."

goeasy said it currently has a provision for future loan losses of over $400 million on its balance sheet, which has been expensed through the income statement and resides on the balance sheet to absorb future losses.

goeasy shares closed down $9.67, to $174.66 on the Toronto Stock exchange.