Ault Alliance Retains ShareIntel to Investigate Naked Short Selling Activity
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) announced today that it has entered into a service agreement with Shareholder Intelligence Services, LLC (“ShareIntel”) to assist the Company to determine if there is illegal short selling activities in its common stock.
- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”) announced today that it has entered into a service agreement with Shareholder Intelligence Services, LLC (“ShareIntel”) to assist the Company to determine if there is illegal short selling activities in its common stock.
- ShareIntel will utilize its patented process called DRIL-Down™, a compliance driven service-as-a-software program designed for public companies to track stockholder ownership and monitor critical broker-dealer and stockholder movement, to investigate and report on potential illegal naked short selling activities of the Company’s stock.
- ShareIntel will aggregate and analyze repository data from reporting entities, broker-dealers and stockholders, enabling the Company to identify parties to possible aberrant or unusual trading activity and assist the Company to deploy corrective action steps to help curtail such activity.
- Investigating and attempting to remedy any wrongdoing would support our continuing commitment to protect our investors and maximize stockholder value.