Purchase the short position, defame (rightly or wrongly), then sell – and walk away with little or no consequences. In this case, Muddy Waters built up a 0.71pc short position, notionally worth more than £20m, and then tweeted: “Muddy Waters is now in a blackout … The Romanian company also accuses Block of publicly smearing its Italian founder, Federico Salmoiraghi, in an open letter published in January and circulated on social media. Muddy Waters Research, a prominent short-seller, is shorting XL Fleet. Shares of XL Fleet Corp, which provides electric drive systems to enhance vehicle fuel economy, fell as much at 19.5% on Wednesday after U.S. short-selling firm Muddy Waters said it has taken a short position in the company’s stock. In September we did not note new big short selling activity, while back in August, Portsea Asset Management (2.31%) and Think Investment (2.24%) have been adding to this short. Calling the company a “near total fraud,” the main basis of the short thesis is that GSX is allegedly faking up to 80% of its customers through the use of bots. Muddy Waters did not disclose the size of its short position in the report. On December 17, 2019, short-seller Muddy Waters had targeted the company: “We have serious doubts about the company’s financial statements, including its asset values, cash balance, reported profits, and reported debt levels,” it started out. We have serious doubts about the company’s financial statements, including its asset values, cash balance, reported profits, and reported debt levels. The tactics outlined in the Muddy Waters report aren’t intended to inflate revenue but to juice popularity among users, said Ke Yan, a Singapore-based analyst with DZT Research. Article content. A bad report, or even simply the disclosure of a short position on a company, can be a kiss of death. Last week, Block publicized his latest short position, accusing XL Fleet of exaggerating its gross sales pipeline to justify future income projections.. XL Fleet, which makes electrification drive methods to transform conventional industrial and municipal automobiles into hybrids, forcefully rejected the allegations from Muddy Waters in a press release Monday. Is it a sign for my to now short it or what? ET Saved. XL Fleet shares drop over 16% after Muddy Waters takes short position 3/3/2021. We are short NMC Health plc. U.S. short-selling firm Muddy Waters said on Tuesday it had acquired a short position in NMC Health Plc , criticizing the healthcare group's financial statements and wiping almost a … Muddy waters is therefore able to use the shield of the target to damage its credibility furthermore. The firm has exposed accounting problems and fraud at several companies, primarily in China but also in other countries in Asia, Europe and North America. The report sent to Muddy Waters also highlighted a number of problems with Luckin Coffee stock due to flaws in its business model. Retail Investors react to Carson Block of Muddy Waters Research with contempt for his recent “hearsay allegations” and loose statements made against XL Fleet. Muddy Waters said on Tuesday that it helped Wolfpack prepare the report and that it has taken a short position in iQIYI—a bet that the price will decline. Depuis le rapport explosif de l'activiste Muddy Waters sur Casino fin 2015, la vente à découvert est devenue un sujet de polémique. XL Fleet shares tumble after Muddy Waters takes short position. I do wonder how in the world is it still holding up? Salmoiraghi and his company said the allegations of wrongdoing are false. At the worst of times, the company has invested in large assets at costs that we find too high to be plausible – inclu… more Muddy Waters' Carson Block laid out the short case for one of my favorite bank stocks, Bank of the Ozarks (OZRK). See Saved Items. Muddy Waters has succeeded in securing an almost perfect win-guaranteeing strategy. ... fell as much at 19.5% on Wednesday after U.S. short-selling firm Muddy Waters said it has taken a short position … Market manipulation made (somewhat) legal. Muddy Waters is a sixth hedge fund holding a big short against this stock. Muddy Waters initiated a short position on the Chinese K-12 after-school tutoring service GSX Techedu (ticker: GSX) in May of 2020. Shares of XL Fleet Corp, which provides electric drive systems to enhance vehicle fuel economy, fell more than 16% on Wednesday after U.S. short-selling firm Muddy Waters said it has taken a short position in the company’s stock. Muddy Waters Research LLC is an American privately held due diligence based investment firm that conducts investigative research on public companies while also taking investment positions that reflect their research. Now that Muddy Waters is also involved in the short, this stock should seriously go down. We would like to show you a description here but the site won’t allow us. Muddy Waters also disclosed it holds a short position in Joyy. This article has already been saved in your Saved Items The nation’s citizens take in an average of 86 mg of caffeine per day, and 95% of that is from tea. Muddy Waters held a short position on Solutions 30 since about May 2019, according to the lawsuit. I want … As a short selling research firm, Muddy Waters (MW) earned its reputation by successfully revealing several fraudulent Chinese firms listed in the US. XL Fleet (NYSE:XL) fell 19% as it was revealed as Muddy Waters issued a new short call. A nother investor, Gladstone Capital Management, has held a short position in Burford since June, long before Muddy Waters bet against the company. The outspoken activist-short seller Muddy Waters has a reputation as a harbinger of doom for companies. We would like to show you a description here but the site won’t allow us. Two hedge funds followed Muddy Waters' lead, placing big short positions in French IT company Solutions 30. Article content. Boulder suspect in court, Biden press conference, NBA trade deadline: 5 things to know Thursday. For example, the writer argues that the company is wrongly targeting core functional coffee demand in China. XL Fleet shares drop over 16% after Muddy Waters takes short position. They were on CNBC this morning, officially stating they have a short position with XL. The stock hasn't recovered. Muddy Waters has found its latest target: Canadian insurer Manulife Financial Corp. Short seller Carson Block, who runs Muddy Waters, announced a short position in … Block's Muddy Waters picks its short targets differently, often betting against firms it believes are misleading investors, rather than just having a languishing business in secular decline. Development of short positions … They are, of course, a bunch of di*** who want the retail investors to lose while they make a boat-load of money. NMC Health shares slammed as Muddy Waters takes short position Published: Dec. 17, 2019 at 9:52 a.m. Technology Mar 03, 2021 02:35PM ET. ; Muddy Waters describes the company as "middle of the fairway SPAC garbage" in its new report.