Danimer Scientific falls after Muddy Waters announces short position

Carson Block's Muddy Waters announced a short position and revealed a new short report in Danimer Scientific (DNMR). The stock in afternoon trading is down 4% to $16.48. The company has "misled investors about having over $200 million of 'take or pay' agreements," contends the firm known for its short positions. It also "misled investors by stating that its only impediment to selling more product is lack of capacity when the products it hopes to sell do not yet exist," Muddy added. The firm believes Danimer has "significantly misrepresented the state" of its customer relationships, product development and readiness to scale. Reference Link