GlassHouse Research announces long position in Supermicro

GlassHouse Research said via X, “We are long Super Micro Computer $SMCI for the foreseeable future. Our analysis suggests that the risk-to-reward ratio and valuation are highly favorable for the stock at this time. As far as the accounting goes, we believe that Hindenburg missed the mark as the quantitative accounting metrics do not line up with their published short thesis. Additionally, the recent filing delay seems to be a precautionary measure in response to Hindenburg’s report. If the company provides clarity or a minor revision, we anticipate a potential rebound in the stock.”