AX Oct 2024 32.500 put
| Previous close | 1.0000 |
| Open | 1.0000 |
| Bid | 0.6000 |
| Ask | 0.7500 |
| Strike | 32.50 |
| Expiry date | 2024-10-18 |
| Day's range | 1.0000 - 1.0000 |
| Contract range | N/A |
| Volume | |
| Open interest | 261 |
BenzingaAxos Financial Hit With Short Seller Report, Stock Tumbles
Axos Financial, Inc. (NYSE:AX) shares are trading lower after Short seller Hindenburg Research issued a short report on the stock. Hindenburg alleged that a former Axos credit review officer detailed the practice of loan “evergreening,” or providing loans to non-performing or doubtful borrowers to avoid recognizing problems, per litigation records. Similar schemes, also known as “extend and pretend,” were described by former employees during our investigation. “A former regional leader told us A
BloombergTrump Lender Axos Sinks After Hindenburg Shorts Bank’s Stock
(Bloomberg) -- Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans.Most Read from BloombergModi Set to Lose India Majority, Needs Allies to Keep PowerShort Sellers in Danger of Extinction After Crushing Stock GainsMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHow Billionaires
BenzingaHindenburg Research Shorts Axos Financial, Citing 'Glaring Commercial Real Estate Loan Problems and Lax Underwriting'
Hindenburg Research has taken a short position against Axos Financial (NYSE:AX), a regional bank with a $3.1 billion market cap. The financial research firm, known for its investigative reports, released a detailed analysis alleging significant risks within the company. Hindenburg's report is based on extensive industry research, interviews with 21 former employees, lease agents, and experts. The firm scrutinized Axos’s loan book and found what it describes as “exposure to the riskiest asset cla
