10:02 AM EDT, 08/27/2024 (MT Newswires) -- Super Micro Computer ( SMCI ) shares dropped by nearly 5% in recent Tuesday trading following a report by short-seller Hindenburg Research alleging accounting manipulation.

Hindenburg Research said it "found glaring accounting red flags" in its three-month investigation of the company.

"All told, we believe Super Micro is a classic case of recidivism. Its actions suggest that it hasn't changed from its checkered past regarding its revenue recognition and accounting practices," the short-seller said in its report.

Super Micro didn't immediately respond to a request for comment from MT Newswires.

Price: 526.59, Change: -35.93, Percent Change: -6.39