2024-09-27
Last week, we have registered four new major calls. Again, we had a busy week with some heavy hitters releasing new reports. Gotham came out with their second report of the year. This time, they focused on another German investment vehicle due to allegations of dubious corporate governance. Apparently, this could be …
Read More2024-07-06
In the first six months of the year we saw 65 new major short and critical campaigns. This is in line with the rate last year. On average, shares declined 11.3% following the release of the report, which compares well to the +14.5% return of S&P 500 index. Among the most …
Read More2024-06-21
This week, we have registered one new major call. A newcomer skeptic targeted a crypto-related stock due to allegations of overvaluation and a dubious promotional scheme. The company is also tied to a well-known influencer in the space. He is a shareholder and seemingly did tout the shares on his substack. …
Read More2024-06-13
When it comes to permissive exchanges that list anything with a pulse, investors might think about other places than NASDAQ. Just remember the frequency of GMT Research and several others that tweet significant drops on the Hong Kong exchange. New year, same HK pic.twitter.com/XjyplTXE3A — MuddyWatersResearch (@muddywatersre) January 3, 2023 …
Read More2024-06-07
This week, we have registered four new major calls. We saw Hindenburg report on Axos Financial, Inc. (AX), a bank that is supposedly lending to criminals and has heavy exposure to the troubled commercial real estate in New York. Previously the stock has been targeted by four other activists. The stock sold-off, …
Read More2024-05-24
This week, we have registered five new major calls. The biggest impact was done by NINGI Research who targeted Oddity Tech (ODD), a beauty company from Israel due to allegations of questionable accounting. Most importantly, the report believes the company has misled investors about its business model and concealed key aspects of …
Read More2024-03-15
This week, we have registered two new major short calls. Hindenburg came out with its fourth campaign this year. As per usual, the heavy hitter delivered right from the start. Hindenburg alleged that the Polish company, LPP is dealing with Russia despite the war and sanctions. The shares are down as much as 37% …
Read More2024-02-01
This week, we have registered three new major short calls. We saw a rare public campaign by Safkhet Capital, linked to many previous campaigns such as Wirecard or Valeant. This time they decided to release their own report. The stock targeted is Adtalem Global Education Inc. (ATGE), a for-profit university business. Safkhet aimed at …
Read More2023-12-29
Another year in the activist short-selling community is now in the books, and what a year it has been. The market environment is unchanged. The golden era of fraud seems to continue unabated. In 2023, we saw 129 new major short calls, up from 113 calls in 2022 and down from 135 …
Read More2023-12-29
2023 was a busy year for short activists. We saw plenty of household names release their take on over 120 stocks. However, we also noted many newcomers who were previously rather unknown to the public. This post focuses on their activity and track record. We counted 11 newcomers this year, releasing research …
Read More2023-12-29
We want to highlight Hindenburg Research’s activity this year outside our usual annual activist short-selling review. This is due to the prominence of the activist well outside the usual borders of the short-selling world. While many seasoned short-sellers continued to publish new campaigns, we believe Hindenburg did take a special …
Read More2023-11-03
This week, we have registered one new major short calls. Bleecker Street Research targeted this USD 0.7 billion company, PureCycle Technologies (PCT), due to allegations of failure to launch its commercial operations and issues with its recycling process. The market disregarded the report as shares closed 15% higher. We also discuss a couple of …
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