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 […]
Short-sellers betting against Tesla’s stock have lost more than $US39 billion in 2020, according to data compiled by S3 Partners. Tesla, which remains the most shorted stock in the market, has staged a 677% year-to-date rally as of Monday’s close and was added to the S&P 500 on Monday. “There […]
Hindenburg Research is back with more allegations of fraud. The short-seller has accused Kandi motors of fake sales and deceptive accounting practices. In September, a Hindenburg report unravelled electric-truck startup Nikola’s $US2 billion deal with General Motors, with the two companies eventually agreeing to a scaled-down deal instead. Visit Business […]
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 […]
The same short-seller that successfully targeted Nikola Corp. in September has set his sights on a new name: Loop Industries. In a report released on Tuesday, Hindenburg Research alleged that Loop Industries’ technology for recycling plastics doesn’t work. “Our research indicates that Loop is smoke and mirrors with no viable […]
Nikola on Monday released its promised rebuttal to claims from a short-seller that the company lied and decieved investors. The company admitted its Nikola One prototype was largely inoperable, and that a commercial video was shot by rolling it down a hill. Shares regained some of their losses following the […]
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 […]
One stock market indicator shows investors haven’t been this bullish in at least 15 years, according to Goldman Sachs. Short interest in the S&P 500 has fallen to its lowest level since at least 2005, as the stock market hits record highs despite underlying weakness in the economy due to […]
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 […]
Tesla is poised to become the first company to have a $US20 billion bet against it by short-sellers, according to data from financial analytics firm S3 partners. Recently, the value of Tesla shares that have been sold short hit $US19.95 billion, S3 said. Tesla could also soon see a short […]
Enphase Energy tumbled 24% on Wednesday after a report from short-seller Prescience Point Capital Management alleged that the company “fabricated” much of its revenue. Enphase Energy is a high-flying solar power company that has seen its stock soar as much as 10,700% from its 2017 low of 65 cents. The […]
In just one day, traders betting against airlines made $US188 million in mark-to-market profits, according to a Monday note from Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners, a financial analysis firm. The airline sector slumped nearly 5% after Warren Buffett said that he’d sold all holdings […]
Michael Burry, a hedge fund manager portrayed by Christian Bale in movie “The Big Short,” has a wager against markets that paid off this week as coronavirus fears and an oil shock spurred a massive sell-off. The money manager, who correctly called the 2008 housing crisis, has a “significant bearish […]
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. […]
Lyft is considering pursuing litigation after it accused Morgan Stanley of supporting short-selling among investors ahead of the company’s recent IPO, CNBC reported Saturday. The company reportedly sent a letter to Morgan Stanley on April 2, which asked about the firm’s possible role in short-selling activities to investors subject to […]
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 […]
Aphria tumbled for a second day Tuesday after a short seller alleged Monday that the company’s Latin American acquisition is “largely worthless” and benefitted insiders. Shares fell more than 23% on Monday, following the report. Aphria Monday said the allegation was”a malicious and self-serving attempt” to manipulate Aphria’s stock price […]
Short seller Andrew Left changed his view on Tesla and bought the stock ahead of the company’s crucial earnings. Left said Tesla is destroying the competition and that “there is NO Tesla killer.” The electric-car maker reports after Wednesday’s closing bell. Watch Tesla trade in real time here. Tesla jumped […]
Blue Sky announces an independent valuation review of every asset. It will separately report one-off upfront management fees and ongoing annual management fees in all future annual reports. The funds manager has also provided a detailed analysis asset exits over the last five years. Blue Sky, the funds manager under […]
Online wine retailer Vinomofo says Glaucus Research comments about its business are “inaccurate” and “outdated”. Glaucus had criticised Blue Sky for increasing the book value of the $25 million it invested in Vinomofo when the retailer was “likely run out of cash without further investment”. Vinomofo says it is now […]
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 […]
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 […]
LONDON -- Shares in payment processing...
On Thursday short selling firm Citron Research...
Muddy Waters, the firm founded by noted...
Greenlight Capital founder David Einhorn placed...
Cheetah Mobile, a Chinese mobile Android app...
Hedge fund manager Whitney Tilson, the founder...
Imagine this: You own a business. A giant...