- Triterras was down 30% on Thursday after both a short-report was published and a company disclosure regarding their largest customer in default to a creditor.
- We believe the sell-off was grossly overdone, and the short report was largely keying on valid skepticism of the broader SPAC market.
- Evidence is emerging debunking the short thesis, and the shares have significant upside once the issues are resolved; however there is no denying elevated risk/volatility in Triterras.
- Ultimately these events actually highlight and verify the need/use case that Triterras offers.
For further details see:
Triterras: Debunking The Short Thesis, Shares Have Major Upside