What happened
Shares of Opera ( OPRA 4.76% ) were down 17.4% as of 3:30 p.m. EST on Thursday as the software company fell into the crosshairs of a noted short-seller.
So what
In a new report published this morning, ominously named short-selling firm Hindenburg Research argued that Opera should be trading closer to $2.60 per share -- a 70% discount from Wednesday's close at around $9.
Now what
While there's a certain sensationalized tone to short reports like these that makes me immediately doubt their authenticity, I'll admit on the surface their arguments seem to correctly highlight obvious risks and headwinds that could face Opera in the coming quarters.
