WSP Global Caught in Short Seller’s Crosshairs, Shares Fall
(Bloomberg) — WSP Global Inc. shares plunged after Spruce Point Capital Management LLC said it was shorting the Canadian engineering firm’s stock, slapping it with a “strong sell” recommendation. Spruce Point, a prominent US fund that previously targeted Canadian firms Lightspeed Commerce Inc. and Nuvei Corp., on Wednesday criticized WSP Global’s “opaque financial reporting.” WSP … Read more