Kyndryl Stock Plummets 5.11% Amid Short-Seller Allegations Trading Volume Ranks 217th

On March 27, 2025, Kyndryl Holdings (KD) experienced a significant decline in its stock price, dropping by 5.11% and marking its third consecutive day of losses, with a total decrease of 8.49% over the past three days. The trading volume for the day was 3.80 billion, ranking 217th in the market.

Kyndryl's stock price has been under pressure due to a series of negative reports from short-seller Gotham City Research. The reports allege that the company manipulates its financial metrics, leading to a significant drop in its stock price. Kyndryl has responded by stating that the report's conclusions are inaccurate and deliberately misleading, designed to unfairly influence the company's stock price for the short seller's advantage.

The company has expressed confidence in its accounting and disclosures, asserting that they are correct, accurate, and in accordance with all applicable reporting requirements. Kyndryl remains focused on its growth strategy and continues to drive profitable growth.