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Why MDC Partners (MDCA) Stock is Falling Today

NEW YORK (TheStreet) -- Shares of MDC Partners (MDCA) are dropping 13.86% to $19.82 on heavy trading volume on Friday afternoon, after short seller Gotham City Research said the advertising holding company's shares are worth less than $1 per share.

"We find MDCA's accounting highly disturbing," the firm's David Yu told He also confirmed a short position on the stock.

Last year, MDC's founder and CEO Miles Nadal stepped down after...