2022-12-31
In very interesting 2022 we saw 113 new major short and critical campaigns. This is significantly down from 135 in 2021. On average, shares declined an amazing 31.3% following the release of the report, while in 33 cases decline was even higher than 50%. This compares well with a 19.4% decline of the S&P 500 …
Read More2022-11-26
This week we have registered one new campaign. Viceroy hit Home REIT Plc, a £500m UK-based REIT which serves charities and other non-governmental organizations. As per the activist, the business is apparently falling apart as the tenants are allegedly unable to pay. The management also supposedly misled investors about their revenue …
Read More2022-11-19
This week we have registered five new major short campaigns. Stocks in focus are, on average, 19% lower than before the short calls. After a few quiet weeks, the activists came back with a bang. We saw Muddy Waters come out and target an alleged payments fraud. The stock cratered immediately …
Read More2022-11-04
This week we have not registered any new major campaigns. However, we have seen plenty of updates from activists about quarterly developments in their targets. Plenty of stocks did not fall much, but the activists believe the short thesis has hardly changed. Lastly, we are tracking the most recent stock price …
Read More2022-10-29
This week we have registered one new major short campaign. We saw Night Market Research come out with a report against International Battery Metals (IBAT), a $450m lithium extraction tech company due to allegations of dubious corporate governance, questionable claims and a broken business model. This is not the first lithium company …
Read More2022-10-15
This week we have registered three new major short campaigns. FFJ came out with a new report which alleges a possible housing crisis 2.0 at one of the lenders. Spruce targeted a food processing company due to the classic allegations of potentially deceptive accounting and dubious business model. Blue Orca wrote …
Read More2022-10-11
In summerly third quarter we have seen 24 new short campaigns. Shares of companies in short focus are down 14.4% on average. This compares to S&P 500 declining about 5.3% in Q3. We highlight some of the best performers with NINGI taking the first place for a European short of …
Read More2022-09-23
This week we have not registered any new major short campaigns. Despite low activity in new publishing, we are seeing plenty of updates. Muddy Waters continues to grapple with RUN, Spruce is close to hitting its target on FIGS and NINGI Research talks about how rates could push its target lower. Lastly, …
Read More2022-07-11
This week we have not registered any new major short campaigns. Despite the overall low activity we have noted several updates and follow-ups. Hindenburg is apparently sued by EBIX, Culper points out the supposed crypto irony and Jehoshaphat sees confirmation of their thesis at AMRC. All mentioned stocks are already down, …
Read More2022-07-02
In this bear's first-half of the year we saw 65 new major short and critical campaigns. This is 18% less than in H1-2021. On average, shares declined 32% following a release of report, and easily outperformed record-setting S&P 500 declines of about 21%. In 18 cases decline was even higher than 50%. Among …
Read More2022-07-02
This week we have registered three new major short campaigns. All of them targeted EV plays. Peabody and Fuzzy Panda aimed at EV charging businesses and Grizzly Research took a shot at the Chinese favourite, Nio. Fuzzy is ahead so far with their stock down about 16%. Lastly, we are tracking the most …
Read More2022-06-19
This week we have registered two new major short campaigns. We highlight a new target of Hindenburg, EBIX. This fintech company was previously hit by other two shorts, but Hindenburg still sees plenty of issues from accounting to corporate governance. The report was taken seriously as the shares dropped 44% on …
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