Nuvei Faces Short-Seller Report After Ryan Reynolds Stake (1)

Shares of Nuvei Corp. slipped after short seller Spruce Point Capital Management published a negative report, on the heels of Hollywood actor Ryan Reynolds’ announcement that he’s an investor in the Canadian payments firm.

Nuvei tumbled about 6% early Tuesday but pared losses to trade down 2% at $41.60 as of 2:26 p.m. New York time.

It’s the second time in two years that Spruce Point has gone afterthe Montreal-based company, which offers payment services for a number of sectors including the gaming and crypto industries.

Spruce Point said it’s short the stock, citing the potential for a ...