Napco Counters Short-Seller Claims with Strong Financials

Napco Security Technologies ( (NSSC) ) has shared an announcement.

NAPCO Security Technologies swiftly countered a report by short-seller Fuzzy Panda, which aimed to undermine the company’s stock value with unfounded claims, referencing outdated lawsuits and misinformation from an ex-employee. The company reinforced its financial health, reporting record revenues and a strong cash position, while also increasing its quarterly dividend. Furthermore, NAPCO has been proactive in improving financial controls and addressing any identified weaknesses, emphasizing their commitment to transparency and shareholder value amidst continued growth in the security sector.

For a thorough assessment of NSSC stock, go to TipRanks’ Stock Analysis page.