Short this financing company
August 01, 2023 - 1:08 pmShares of Prog Holdings (PRG) trade around $40/share and recently popped after an earnings announcement that was interpreted positively by the market. We see a company that has lower revenue and earnings year over year, and shares should be trading at a lower level than where it is today. We are shorting shares of PRG today at $39.80/share.