While some have positioned themselves as retail cheerleaders, Chanos has not held back in blasting a day-trader community he sees as whiny and immature.
Spruce Point Capital Management slammed Oatly's $12 billion valuation, accounting practices, and ESG commitment in a new short report.
The short seller says up to 50% of DraftKing's SPAC partner SBTech's revenue comes from markets where gambling is banned.
"Leverage on the way up is a great thing. Leverage on the way down can rip your arms off," says former TD Ameritrade CEO Joe Moglia to retail meme-stock traders.
QuantumScape is developing a scalable solid-state battery that would improve charging times, extend driving range, and lower costs for electric cars.
Hindenburg Research says Ebang International is inflating volume metrics for its crypto exchange and exaggerating bitcoin mining machine sales.
Famed short-seller Carson Block is betting even further against SPACs, a market that he calls a 'scam' in a Bloomberg interview.
Short-seller Andrew Left said the heavily-shorted auto-insurance company is a disruptive tech company at a bargain price. Root jumped nearly 20%.
Short-sellers have tripled their bearish bets against SPACs since the start of the year to $2.7 billion from $724 million, according to S3 Partners.
BioCryst Pharmaceuticals jumped to a 5-year high on Monday, fuelled by spiking interest from Reddit investors. The stock closed 39% higher after surging as much as 41% in intraday trading. The move followed a post on the r/WallStreetBets subreddit that called the company “the most undervalued stock in the market.” […]
Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through what’s been happening in markets, as well […]
Silver Lake Group made “the trade of a lifetime” on AMC Entertainment, according to one hedge fund manager. Another firm, Mudrick Capital, made a similarly successful wager earlier this month. The two firms were able to convert distressed debt into equity in AMC after Wednesday’s share-price jump. “The market did […]
A controversial decision by brokerage firms to limit buying in certain high-flying stocks led to sizable intraday declines in so-called Reddit darlings on Thursday. Robinhood and Interactive Brokers took action to limit buying after an epic short-squeeze in GameStop sparked by Reddit traders spilled over into a handful of other […]
The 4 million-strong WallStreetBets forum on Reddit has officially disrupted Wall Street. They did it by piling into heavily shorted stocks, sparking short-squeezes at the expense of Wall Street hedge funds and large institutional investors. “They are proving to be quite capable of mounting some successful ‘value capture’ against Wall […]
Billionaire investor Chamath Palihapitiya has sold his call options in GameStop, according to an interview with CNBC on Wednesday. Palihapitiya had purchased the options on Tuesday after asking his Twitter followers what he should “throw a few 100k at.” Palihapitiya said he will donate all of his gains and principal […]
The WallStreetBets forum on Reddit â€” now 3 million members strong â€” is flexing its muscle against hedge funds. The forum has sparked an epic short squeeze in shares of GameStop, which is now spilling over into other highly shorted stocks. Detailed below are the 10 highly shorted stocks that […]
Short-sellers targeting GameStop have lost $US3.3 billion betting against the stock in 2020, as of last week’s market close, according to S3 Partners data. Losses totaled roughly $US1.6 billion on Friday alone as the stock rallied 51%. The video-game retailer has rocketed higher in recent weeks as Reddit traders drive […]