Innodata short report published by J Capital, says ‘commitment’ overstated

Innodata’s stock is up 179% since April this year, when the company announced and later provided staged updates on its big “Mag 7” contract, says J Capital in a short report. However, “our forensic research unveils INOD‘s marquee agreement, which formers say is with Meta Platforms, might be 90% overstated. We think that INOD has consistently misled investors on over $100 mln in spending ‘commitments’ from META,” the short selling firm stated.