12:00 PM EST, 12/18/2024 (MT Newswires) -- Sezzle ( SEZL ) shares slid more than 13% in recent trading Wednesday following a report by short-seller Hindenburg Research.

Hindenburg in its report called Sezzle ( SEZL ) a "failing" buy-now-pay-later platform that has "reported rosy numbers using short-term tricks, giving insiders an opportunity to exit."

Sezzle ( SEZL ) is borrowing expensive capital to make risky loans on a platform that is losing customers, the short-seller said.

"We do not see Sezzle ( SEZL ) surviving in the long-term," Hindenburg said.

Sezzle ( SEZL ) didn't immediately respond to a request for comment from MT Newswires.

Price: 273.00, Change: -42.18, Percent Change: -13.38