Short this financing company

August 01, 2023 - 1:08 pm

Shares 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.