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Investing.com -- FTAI Aviation Ltd. (NASDAQ: FTAI) stock rose 12% today after the company announced the completion of an independent review by its Audit Committee, which found allegations from short seller reports to be without merit. The company also expects to file its Form 10-K in a timely manner.
The aviation company’s stock movement comes on the heels of scrutiny from short reports by Moddy Waters (NYSE:WAT) Research and Snowcap Research, which questioned the integrity of FTAI Aviation’s financial reporting. The independent review conducted by legal and forensic accounting advisors was initiated in response to these claims, which were made public in January 2025.
Paul R. Goodwin, Chair of the Audit Committee, stated in the press release, "After a thorough and comprehensive review with the support of our independent legal and forensic accounting advisors, we have determined that the assertions made in the short seller reports are unsupported and have no merit." He emphasized the company’s commitment to maintaining high standards of corporate governance and transparent financial reporting.
The positive outcome of the independent review appears to have alleviated investor concerns, leading to a notable increase in FTAI’s stock price during the trading session. The timely filing of the Form 10-K is also seen as a reaffirmation of the company’s dedication to compliance and transparency, further bolstering investor confidence.
FTAI Aviation’s swift response to the allegations and the Audit Committee’s findings underscore the company’s efforts to address and dispel the concerns raised by the short sellers. The market’s reaction today reflects a restored trust in the company’s financial practices and governance.
As FTAI Aviation moves past this challenge, investors will be looking forward to the company’s forthcoming Form 10-K filing for additional insights into its financial health and operational performance.
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