OTLY - Oat milk maker Oatly falls for a second day following short report

Scott Olson/Getty Images News Oat milk brand Oatly (OTLY) fell for a second day, falling 5.2% after dropping 2.8% yesterday, following a short report and after its author Ben Axler of Spruce Point discussed his call on TV. Axler said in an interview on CNBC that he felt that the stock was worth less than $10 a share. “This short seller stands to financially benefit from a decline in Oatly’s stock price caused by these false reports,” Oatly said in a statement to CNBC. “Oatly rejects all these false claims by the short seller and stands behind all activities and financial reporting.” Piper Sandler was earlier out with a strong defense on Oatly writing in a note that he believe Oatly's "brand equity and pricing power set it apart in the space, and believe it warrants a valuation premium." As for the points raised by short seller Spruce Point, Lavery and team call

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Oat milk maker Oatly falls for a second day following short report