Kyndryl Issues Statement in Response to Misleading Report
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has issued a strong rebuttal to a short seller report published on March 27, 2025.
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Rhea-AI Summary
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has issued a strong rebuttal to a short seller report published on March 27, 2025. The company categorically rejected the report's claims, describing them as inaccurate and deliberately misleading.
The company defended its accounting practices and disclosures, stating they are correct and comply with all applicable reporting requirements. Kyndryl emphasized that they were not given an opportunity to address the claims before the report's publication.
Kyndryl maintains its position as a company focused on profitable growth, serving enterprise customers across more than 60 countries with complex, mission-critical information systems services.
Positive
- Company maintains strong market position as world's largest IT infrastructure services provider
- Management affirms continued execution of growth strategy and profitable growth trajectory
Negative
- Company faced allegations from short sellers questioning its practices
- Stock potentially vulnerable to short-term price manipulation
Details
News Market Reaction – KD
The recorded move for KD in the trading session of this news was -5.11%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
"The short seller report issued this morning in relation to Kyndryl contains claims that are inaccurate and deliberately misleading.
Kyndryl rejects in the strongest possible terms the conclusion reached within the report, which was clearly designed to manipulate the company's stock for the short seller's benefit.
We believe that our accounting and disclosures are correct, accurate and in accordance with all applicable reporting requirements.
Had we been afforded the opportunity to speak to this firm, we would have pointed out the many inaccuracies and falsehoods contained in this so-called analysis.
Kyndryl is proud of its transformation into a company that is driving profitable growth, and we remain focused on continuing to execute our growth strategy."
About Kyndryl
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The Company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.
Kyndryl Investor Contact:
investors@kyndryl.com
Kyndryl Media Contact:
press@kyndryl.com
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SOURCE Kyndryl
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