Backblaze Warns of Potential ‘Short and Distort’ Attacks Threatening Share Price and Reputation

Backblaze, Inc. (BLZE) has disclosed a new risk, in the Share Price & Shareholder Rights category.

Backblaze, Inc. faces the risk that short sellers or other third parties may attempt to manipulate its share price through “short and distort” campaigns using false or misleading reports. Such campaigns, often amplified by social media and fee-seeking law firms, can depress the stock, damage its reputation, and distract management even when allegations lack merit.

The average BLZE stock price target is $6.90, implying 83.02% upside potential.

To learn more about Backblaze, Inc.’s risk factors, click here.