Markets

SPAC craze is driven by a frenzy of speculation and may not yield expected returns, legendary short-seller Jim Chanos says

The special-acquisition company frenzy is being driven by unrestrained speculation and may not yield expected returns, Bloomberg reported legendary short-seller Jim Chanos as saying. History shows so-called “blank-check” companies do not perform well, but a burst of speculation has brought them back into focus, Chanos said at a conference on […]
SPAC craze is driven by a frenzy of speculation and may not yield expected returns, legendary short-seller Jim Chanos says
News

A short-seller said Nikola’s electric truck business is an ‘intricate fraud’ and accused its founder of ‘numerous lies’

Hindenburg Research, a short-seller, published a lengthy report accusing the electric truck maker Nikola of fraud. The firm published what it claims are text messages, contracts, and other “extensive evidence” showing years of “deception” by founder Trevor Milton. Nikola has denied all of the claims in Hindernburg Research’s report. General […]
A short-seller said Nikola’s electric truck business is an ‘intricate fraud’ and accused its founder of ‘numerous lies’
Markets

A scathing short-seller reporter sent Blink Charging plummeting. Now the company is claiming its stock is being manipulated by false info.

Blink Charging plummeted as much as 37% since Wednesday, after two separate short-sellers released back-to-back negative reports on the electric vehicle charging network company. On Wednesday, Culper Research alleged that Blink Charging “vastly exaggerated the size of its EV charging network,” leading shares to fall as much as 16%. And […]
A scathing short-seller reporter sent Blink Charging plummeting. Now the company is claiming its stock is being manipulated by false info.
Markets

Wirecard spikes on report SoftBank is considering an investment

Wirecard’sUS-listed shares had a wild trading day on Tuesday. They fell 2% after a short-sale ban expired before spiking as much as 13% on the news that SoftBank was considering an investment. The German payments company has been under fire from short-sellers due to financial irregularities in its Asian business. […]
Wirecard spikes on report SoftBank is considering an investment
Markets

Netflix investors are ‘as blind as Bird Box,’ Citron Research says

Netflix posted strong third-quarter earnings and subscriber growth on October 16, but shares tanked more than 36% over the following two months as the broader tech sector came under pressure. After bottoming at $US231.23 in late December, Netflix shares have surged by more than 45%. The company’s recent rebound is […]
Netflix investors are ‘as blind as Bird Box,’ Citron Research says
Markets

Blue Sky shares are tanking again

Blue Sky shares dropped by a third as the war of words with a short seller continue. Short Seller Glaugus Research says Blue Sky’s response to its note is “woefully inadequate”. Blue Sky says a second opinion from Glaucus raises no new allegations. Shares in fund manager Blue Sky fell […]
Blue Sky shares are tanking again
Markets

Glaucus Research says Blue Sky’s response is ‘woefully inadequate’

Glaucus Research says Blue Sky’s response to its research note is “woefully inadequate.” Blue Sky referred the Glaucus note to ASIC, saying it could be a case of market manipulation. Blue Sky shares were down 4.1% to $8.12. Four weeks ago they were at $12.80. Short-seller Glaucus says Blue Sky’s […]
Glaucus Research says Blue Sky’s response is ‘woefully inadequate’