09:40 AM EDT, 04/17/2024 (MT Newswires) -- PowerSchool Holdings ( PWSC ) shares were down 4% in recent Wednesday trading after short-seller Spruce Point Capital Management issued an investment opinion saying PowerSchool ( PWSC ) shares face a long-term downside risk of 30% to 60%, or $8 to $14 per share.

PowerSchool ( PWSC ) did not immediately respond to a request for comment by MT Newswires.

Spruce Point said it has a short position in the company.