Elon Musk warned investors shorting SpaceX face low survival probability as bearish bets rose to 32% of tradable shares, totaling $25 billion. This surge comes ahead of SpaceX's first public earnings report on Aug 4, testing bulls and skeptics.
Short sellers are increasing their bearish bets on Chinese toymaker Pop Mart, with short interest rising to 12.67%. Despite a recent share price recovery, the stock remains significantly down from its peak, making short sellers' positions increasingly risky.
Pirelli is suing Grizzly Research for defamation after the short-seller published a report alleging close ties to Russia and potential security risks for the West. Grizzly claimed Pirelli's Russian operations are more significant than disclosed and may supply the Russian military.
A federal jury in California convicted short seller Andrew Left of securities fraud. Left, who operated as Citron Research, was found guilty of participating in a securities fraud scheme and 12 counts of securities fraud. He faces up to 25 years in prison.
Ottobock's stock price fell significantly after a shareholder meeting where dissatisfaction was evident due to the share price being below its IPO price. A report by short seller Grizzly Research further impacted the stock, causing it to drop by nearly 11%.
Short sellers are targeting companies exploiting the AI market frenzy, citing speculative excesses, rebranding, and vulnerable legacy models, drawing parallels to the dot-com bubble.
