EquipmentShare.com Inc (Nasdaq: EQPT) issued a statement disputing a report by Blue Orca Capital, a short-seller firm, that the company says mischaracterizes its business model, financial statements, and its OWN Program.

The Columbia, Missouri-based construction equipment rental and technology company said Blue Orca Capital holds a disclosed short position in EQPT stock, meaning the firm stands to profit if the stock price declines.

EquipmentShare said its financial statements are audited by a Big 4 accounting firm and that it accounts for all material commercial agreements, including the OWN Program, in accordance with U.S. GAAP and SEC disclosure requirements. The company did not provide specific details addressing the claims made in the Blue Orca report.

Founded in 2015, EquipmentShare operates as a construction technology and equipment rental provider across the United States.