Stem down 7% after Blue Orca makes accusations in short report

Blue Orca Capital tweeted: "We are short $STEM, a broken SPAC which we think covertly finances its flagship customer, disguises hardware lease payments as software revenues and peddles bogus non-GAAP metrics, all while insiders dump stock." In pre-market trading, Stem shares are down 60c, or 7%, to $8.35 following the publication of the short seller’s report. Reference Link