- This week we have registered three new activist shorts campaigns. On average, three targeted stocks are down 9.6% versus prior to the reports, while Hindenburg's target plummeted the most and is down more than one third.
- We highlight Citron’s call on CACC which bets on the freeze of the subprime credit market and JCap’s shot at another US-listed Chinese company. Blue Orca also targeted the same company two years ago.
- Finally, we talk about TRUP, short of The Capitolist, which got in renewed focus this week after a series of blog posts on Seeking Alpha.
New Campaigns
Hindenburg Research : Hf Foods Group (HFFG)
- Hindenburg targeted this ca, $420m food distributor to Chinese restaurants in the US due to allegations of several red flags connected to corporate governance.
- Most importantly, HFFG recently merged with another entity that...
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* Note: Presented data and analytics is as of available on 2020-03-28, UTC 12:00.
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