ADMA Biologics, Inc. (ADMA) Crashes 16% Amid Scrutiny Over Skyrocketing Days Sales Outstanding That Short Seller Claims Points to Improper Channel Stuffing, Hagens Berman Investigating

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ADMA Biologics, Inc. (ADMA) shares crashed over 16% after short seller Culper Research accused the company of channel stuffing, using undisclosed related party distributors, and inflating reported growth by extending payment terms to distributors. Hagens Berman, a national shareholders rights firm, is investigating whether ADMA violated federal securities laws, focusing on the company’s financial statements and internal control over financial reporting. The investigation emphasizes ADMA’s skyrocketing Days Sales Outstanding (DSO) and alleged misrepresentation of revenue growth.

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