C3.ai responds to short seller, says accounting ‘complete and correct’

C3 AI issued a statement on Kerrisdale Capital, stating in part: "There have been some questions regarding yesterday’s Kerrisdale report, to which we want to provide clarification. While we do not usually comment on short seller market antics, we did issue the following statement yesterday: The Kerrisdale letter appears to be a highly creative and transparent attempt by a self-acclaimed short seller to short the stock, publish an inflammatory letter to move the stock price downward, then cover the short and pocket the profits. Without comment on the legality of stock manipulation nor the innuendo replete in the letter, we will note that their allegation that C3 AI’s financial disclosures regarding Baker Hughes are somehow incorrect manifests a fundamental misunderstanding of U.S. GAAP accounting practices and principles. The accounting disclosures and financial statement referenced in the letter have been reviewed by our independent audit firm for which we have an unqualified opinion and are complete and correct." Reference Link