Lift's shares soar and then fall due to press release discrepancy

Lift's shares experienced a significant surge of more than 60% after the bell on Tuesday, driven by positive forward guidance that predicted positive free cash flow in 2024. However, this surge was short-lived as social media posts pointed out a correction by the CFO concerning the adjusted EBITDA margin expansion, indicating only a 50 basis point increase instead of the initially reported 500 basis points. Algorithmic trading may have exacerbated the market response. Lift has a short interest of 13.47%.