CTO Realty Growth named a short by Wolfpack Research

Dan David of Wolfpack Research joined Zer0es Finance to reveal his short thesis on CTO Realty Growth (CTO), stating that Wolfpack believes “CTO is lying to investors about the sustainability of their dividend, while enriching themselves using various accounting shenanigans.” Investors “need to brace themselves for another imminent dilutive capital raise,” according to a summary of the presentation.