All Short Reports

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Symbol Last day Company & title Short seller Release date Thesis P&L Stock return
TRST.L N/A
The “Trustpilot Mafia” – How the Extortion Model Destroys Trustpilot’s Value Proposition
Grizzly Research 2025-12-04 N/A N/A
AZ -3.6%
pelicanway-research on A2Z Cust2Mate
Pelican Way Research 2025-12-02 +7.8% -7.8%
NUTX +2.7%
Problems at Nutex, Part One: Booted From Over a Dozen ERs As Founder/CEO Accused of Fraud, Embezzlement, and Self-Dealing
Capybara Research 2025-11-25 -17.3% +17.3%
PRAX +30.5%
Praxis Precision Medicines Inc. (PRAX): Mined the Gap – How PRAX Twisted Dropouts into a Phase 3 “Win” with Make-Believe Data and Half-Baked Analysis
Culper Research 2025-11-20 -31.0% +31.0%
IRM -0.8%
The Dark Side of Iron Mountain: from a Melting Ice Cube, to a House on Fire
Gotham City Research 2025-11-19 +5.6% -5.6%
CRML +1.6%
Critical Metals Corp. (NASDAQ: CRML): Proven Insurmountable Barriers, Amateurish Economic Projections, and Unsustainable Promotional Hype
Ningi Research 2025-11-18 -21.7% +21.7%
PRDO -1.0%
Perdoceo Education Corp (PRDO): Going Ghost
Bleecker Street Research 2025-11-17 +9.3% -9.3%
HOVR -1.1%
pelicanway-research on New Horizon Aircraft
Pelican Way Research 2025-11-13 +11.1% -11.1%
IPX +1.4%
sprucepointcap on IperionX Ltd.
Spruce Point Capital Management 2025-11-12 +9.4% -9.4%
HFG N/A
HelloFresh SE’s (FSE: HFG) Last Supper: Executives Carve Up Value Before the Collapse
Grizzly Research 2025-11-07 N/A N/A
AAON +0.8%
Jehoshaphat Research is Short AAON INC. (AAON)
Jehoshaphat Research 2025-11-03 +11.0% -11.0%
DVLT -8.6%
DVLT: A Joke Brought To You By A Promoter Sanctioned By The SEC Who Has Co-Authored Patents With A Convicted Felon Charged In An Elaborate Pump-And-Dump.
Wolfpack Research 2025-10-31 +32.5% -32.5%
EOSE -3.8%
Eos Energy (EOSE): Former Execs Say Eos Defrauded the DOE + Is Hiding a Deadly Gas Problem
Fuzzy Panda Research 2025-10-30 -4.3% +4.3%
DCO -0.7%
BAD TIMES DUCOMMUN
GlassHouse Research 2025-10-28 +3.9% -3.9%
METC -3.1%
We Believe METC’s Brook Mine Is a Hoax and Management Has Pumped the Stock with a Potemkin Mine and a Fantasy Economic Assessment
Wolfpack Research 2025-10-23 +55.7% -55.7%
DASH +1.7%
DoorDash: Unauthorized Dasher “Backdooring” Scheme Props Up Delivery Operations, Undermines Safety, and Unravels as Immigration Enforcement Widens
Culper Research 2025-10-23 +10.8% -10.8%
CCC -1.2%
CCC S.A. (WSE: CCC): How Channel Stuffing, Related Party Schemes, and Accounting Games Engineered a False Retail Comeback
Ningi Research 2025-10-16 N/A N/A
TYO: 3905 N/A
Our INVESTIGATION Indicates Japanese Firm Datasection (TYO: 3905) Is Illegally Providing NIVIDA GPUs to BLACKLISTED Chinese Firm Tencent
Wolfpack Research 2025-10-08 N/A N/A
BMNR -6.2%
DAT Ain't No Strategy
Kerrisdale Capital 2025-10-08 +42.5% -42.5%
DKNG -3.4%
sprucepointcap on DraftKings Inc.
Spruce Point Capital Management 2025-10-03 +2.6% -2.6%
SLDE +0.7%
Slide Insurance: A House of Cards In Hurricane Alley
Manatee Research 2025-09-30 -8.8% +8.8%
RR -2.8%
Richtech Robotics: A China Hustle Selling Rebranded Chinese Robots, Plus Insider Embezzlement, Fake Partnerships, Fake Deals, Fabricated WalMart Hype, Undisclosed Related Party Transactions, and Links to China Scam Stocks
Capybara Research 2025-09-30 -8.8% +8.8%
RZLV -4.8%
Rezolve AI (RZLV): Faking ARR by Acquiring Failing AI Start-ups w/ Declining Revenue; Promotional CEO’s History of False Statements
Fuzzy Panda Research 2025-09-29 +53.1% -53.1%
BCUCY +3.1%
From Moscow To TJ Maxx — How Brunello Cucinelli Continues To Lie About Its Russian Business While Aggressive Discounting Damages Its Exclusive Positioning
Morpheus Research 2025-09-25 +8.5% -8.5%
AYA N/A
Blue Orca is Short Aya Gold & Silver Inc.
Blue Orca Capital 2025-09-25 N/A N/A
GSY CN N/A
Jehoshaphat Research is Short goeasy ltd (GSY CN)
Jehoshaphat Research 2025-09-22 N/A N/A
UEC -3.0%
sprucepointcap on Uranium Energy Corporation
Spruce Point Capital Management 2025-09-18 -12.4% +12.4%
LSE:TRST N/A
A Brazenly Deceitful Business
Hithawk Research 2025-09-17 N/A N/A
CRWV +3.0%
Artificial Returns
Kerrisdale Capital 2025-09-15 +21.1% -21.1%
FFAI -5.8%
FFAI: This House of Cards Is Falling Apart as YT Jia’s Latest Pump Is Built on Fake Orders and a Tsunami of Lies
Wolfpack Research 2025-09-11 +32.3% -32.3%
GRND -1.0%
Grindr Inc. (NYSE: GRND): Undisclosed SEC Investigation, Revolting User Base, Vanishing Moat, Inflated Metrics, and Selling Insiders Highlight Deep Risks
Ningi Research 2025-09-09 +14.0% -14.0%
SUPX +6.4%
pelicanway-research on Super X AI Technology Ltd
Pelican Way Research 2025-09-08 +60.2% -60.2%
NN +2.6%
NextNav: Desperate FCC Petition is a Lose-Lose for Shareholders. 100% Downside
Night Market Research 2025-09-04 +2.7% -2.7%
PSTG -2.5%
A Flash in the Pan
Kerrisdale Capital 2025-09-04 +9.6% -9.6%
ACHR -3.9%
Archer Aviation, the Nikola of the Skies
Grizzly Research 2025-08-27 +7.2% -7.2%
TGLS -0.0%
Tecnoglass (TGLS): From Barranquilla to Sinaloa
Culper Research 2025-08-21 +26.7% -26.7%
USAR -1.5%
USA Rare Earth: “Mine to Magnet” Is A Pipe Dream. Round Top Is A Dead-End, Low-Grade Mine. Magnet Manufacturing Hasn’t Progressed in 5+ Years. 75% Downside
Night Market Research 2025-08-19 -9.7% +9.7%
AUR -2.4%
A Dead End
Kerrisdale Capital 2025-08-19 +30.7% -30.7%
HGRAF +0.0%
Beware HydroGraph Clean Tech ($HG.CN / $HGRAF)
Fuzzy Panda Research 2025-08-19 -19.6% +19.6%
HGRAF +0.0%
HydroGraph: A $1Bn Graphene 'Science Project' Propped up by Paid Stock Promotion with No Path to Commercialization, Misrepresented Regulatory Approval, Unscalable Tech, and Failed Partnerships
Capybara Research 2025-08-19 -19.6% +19.6%
IRTC -1.6%
sprucepointcap on iRhythm Technologies, Inc.
Spruce Point Capital Management 2025-08-18 -11.1% +11.1%
SLNO -2.5%
Soleno Therapeutics (NASDAQ: SLNO)
Scorpion Capital 2025-08-15 +33.6% -33.6%
RCAT -3.6%
Red Cat (RCAT): Short This Stock Promote Now That It’s Time to Deliver – Hand-Assembled Drones, Formers Revealed High Failure Rate
Fuzzy Panda Research 2025-08-15 +14.4% -14.4%
CNL -0.7%
Collective Mining: How To Build A Billion Dollar Company By Illegally Drilling On Untitled Land
Morpheus Research 2025-08-06 -20.6% +20.6%
MRX -0.2%
Marex Group PLC (NASDAQ: MRX): A Financial House of Cards
Ningi Research 2025-08-05 +0.5% -0.5%
FIP -7.3%
snowcapresearch on FTAI Infrastructure
Snowcap Research 2025-07-30 +24.9% -24.9%
UTHR +1.1%
United Therapeutics (UTHR) and Liquidia (LQDA): Trading Places
Bleecker Street Research 2025-07-29 -64.1% +64.1%
TPL +0.6%
The Truth about TPL, Horizon, and the Asset/Liability Mismatch
Gotham City Research 2025-07-24 +0.7% -0.7%
LB +0.4%
Landbridge Holdings ("LB"): A Related Party Dance, with a Circular Shuffle
Gotham City Research 2025-07-24 -12.9% +12.9%
LMB -1.9%
sprucepointcap on Limbach Holdings, Inc.
Spruce Point Capital Management 2025-07-22 +40.5% -40.5%
NUTX +2.7%
Blue Orca is Short Nutex Health Inc.
Blue Orca Capital 2025-07-22 -44.8% +44.8%
ENOV -3.4%
Jehoshaphat Research is Short Enovis Corporation (ENOV)
Jehoshaphat Research 2025-07-17 +11.5% -11.5%
PONY -2.7%
Falsifying Data Can’t Save You From Severe Competition: Why We Believe Pony AI Inc. is the Worst of the Robotaxi Hype
Grizzly Research 2025-07-10 -17.0% +17.0%
VEDL N/A
Vedanta – Limited Resources
Viceroy Research 2025-07-09 N/A N/A
PA:ETL N/A
Europe’s Billion-Euro Attempt at Satellite Independence
Hithawk Research 2025-07-03 N/A N/A
CTO +0.3%
CTO: THE B. RILEY OF REITS
Wolfpack Research 2025-06-25 +0.4% -0.4%
MVST +0.8%
MVST’s House of Lies: The German Factory Stands Idle, the Chinese One Runs at Half Capacity, and the CCP Owns the Shop
Grizzly Research 2025-06-25 +4.1% -4.1%
THC -1.0%
Tenet Healthcare – The “Notorious” THC – History of Fraud & Fines – The CMS Data Shows They Did It Again
Fuzzy Panda Research 2025-06-11 -34.1% +34.1%
XETR:DOU N/A
Douglas’ Hidden History
Hithawk Research 2025-06-10 N/A N/A
GRPN -4.2%
Groupon Has Become a GLP-1 Affiliate Marketing and Bootleg Microsoft Office Racket
The Captain's Log 2025-06-09 +46.1% -46.1%
GRAL -3.6%
GRAIL (NASDAQ: GRAL): Why Galleri Will Fail the Real Test: Regulatory Approval and Widespread Commercialization All But Impossible
Ningi Research 2025-06-09 -163.2% +163.2%
ABL -0.7%
Abacus Global Management: This $740 Million SPAC Is Yet Another Life Settlements Accounting Scheme Manufacturing Fake Revenue By Systematically Underestimating When People Will Die
Morpheus Research 2025-06-04 +9.8% -9.8%
YALA +0.8%
pelicanway-research on yalla Group
Pelican Way Research 2025-06-02 -3.6% +3.6%
TEM +0.4%
sprucepointcap on Tempus AI, Inc.
Spruce Point Capital Management 2025-05-28 -16.4% +16.4%
TMC -2.7%
The Metals Company ($TMC): a Remake of the Nautilus Fiasco
Iceberg Research 2025-05-27 -64.3% +64.3%
ACHR -3.9%
Archer Aviation (ACHR): When You Can’t Earn Airtime in the Sky, Buy it on Late Night Television
Culper Research 2025-05-20 +24.5% -24.5%
MAIN +1.3%
Jehoshaphat Research is Short Main Street Capital (MAIN)
Jehoshaphat Research 2025-05-14 -12.5% +12.5%
AUR -2.4%
Aurora Innovation (AUR): Highway Robbery
Bleecker Street Research 2025-05-14 +39.1% -39.1%
MFH +2.6%
Mercurity Fintech: This Blatant Scam Run By Repeat Bad Actors Has Skyrocketed 400% On A Ridiculous AI & Fintech Facade
Morpheus Research 2025-05-08 -81.0% +81.0%
PLSE +0.0%
An Industry Expert’s Analysis of Pulse Biosciences Suggests That Its Pivot Into Benign Thyroid Ablation Will Be Another Dead End
White Diamond Research 2025-05-06 +20.0% -20.0%
UFPT +0.4%
UFPT’s Growth Story In Shambles As Largest Customer Responsible for 96.5% Of Growth Slashes Orders
Wolfpack Research 2025-05-05 -7.4% +7.4%
KVYO -1.6%
Klaviyo (NYSE: KVYO): A Tunnel Painting on a Rock
The Captain's Log 2025-05-05 +10.2% -10.2%
YOU +1.6%
sprucepointcap on Clear Secure, Inc.
Spruce Point Capital Management 2025-04-30 -32.4% +32.4%
NXST -0.4%
Nexstar Media Group, Inc. (Nasdaq: NXST) Is Failing With Its Digital Strategy and Will Face Its Kodak Moment Soon
Grizzly Research 2025-04-30 -25.8% +25.8%
QBTS -6.0%
Past-Gen Computing
Kerrisdale Capital 2025-04-29 -266.4% +266.4%
BLZE +2.7%
Backblaze: A Loss-Making Data Storage Business Mired in Lawsuits, Sham Accounting, and Brazen Insider Dumping
Morpheus Research 2025-04-24 -9.2% +9.2%
BTDR -6.6%
BITDEER-RED FLAGS ON TOP OF A BLACK BOX
Callisto Research 2025-04-16 -64.0% +64.0%
VVPR -6.0%
A Fake Acquisition to Prop up a Conman's Crumbling Empire
Capybara Research 2025-04-11 +24.9% -24.9%
MNST +0.7%
sprucepointcap on Monster Beverage Corp.
Spruce Point Capital Management 2025-04-08 -29.1% +29.1%
QBTS -6.0%
pelicanway-research on D-Wave Quantum
Pelican Way Research 2025-04-07 -325.9% +325.9%
GRRR -3.4%
Gorilla Technology (GRRR): Fake Products, Fabricated Contracts, Fraudulent Partners
Culper Research 2025-04-04 +21.2% -21.2%
KULR -0.5%
KULR: Exposing the Hype, Overpromises, Insider-Mistrust and Operational Chaos in an ‘Everything-Tech’ Mirage
Grizzly Research 2025-04-03 +61.6% -61.6%
APP +1.2%
MW is Short AppLovin (APP US)
Muddy Waters Research 2025-03-27 -111.2% +111.2%
KD -0.3%
Kyndryl – Like the old IBM*, except with an Undisclosed Cost Problem: Part I
Gotham City Research 2025-03-27 +23.1% -23.1%
COCO +1.4%
Vita Coco (NASDAQ: COCO) – Structural Issues Amid Stalling Sales and Costco Contract Loss
Ningi Research 2025-03-26 -53.9% +53.9%
DOCS -10.5%
Doximity (NYSE: DOCS): Growth is Malignant, Not Benign
The Captain's Log 2025-03-24 +27.1% -27.1%
ZJK -2.8%
ZJK Industrial Is A Boring Nuts And Bolts Manufacturer – Evidence Suggests Their Claimed Collaboration With Nvidia Is A Lie
White Diamond Research 2025-03-20 +35.7% -35.7%
APPN +4.0%
Appian (NASDAQ: APPN): 'Low Code' Compliance Software Enabling Russia's Regime
The Captain's Log 2025-03-18 -37.4% +37.4%
HSAI +0.6%
Blue Orca is Short Hesai Group
Blue Orca Capital 2025-03-18 +9.9% -9.9%
SEI +0.4%
Solaris Energy Infrastructure: How A Crumbling Texas Oilfield Services Company Gambled It All On A Convicted Felon And The World's Richest Man
Morpheus Research 2025-03-17 -124.9% +124.9%
IONQ -3.8%
Valuation Doesn't Compute
Kerrisdale Capital 2025-03-13 -141.5% +141.5%
OSIS -1.8%
OSI Systems, Inc. (OSIS): SEDENA Unwinds, DoJ Subpoenas Fly, Execs Wave Goodbye
Culper Research 2025-03-13 -46.4% +46.4%
XP -9.9%
XP’s (Nasdaq: XP) Entire Profits Are Dependent on What Insiders Call a “Madoff-Like Ponzi Scheme”
Grizzly Research 2025-03-12 -19.5% +19.5%
RELY -0.1%
sprucepointcap on Remitly Global, Inc.
Spruce Point Capital Management 2025-03-11 +33.1% -33.1%
RUM -7.8%
pelicanway-research on Rumble inc
Pelican Way Research 2025-03-03 +23.6% -23.6%
APP +1.2%
AppLovin (APP) – Formers Allege Ad Fraud; Is DTC Hype Actually ‘Stealing’ Meta’s Data; Illegal Tracking of Children & Serving Sex Ads to Kids
Fuzzy Panda Research 2025-02-26 -83.5% +83.5%
APP +1.2%
AppLovin (APP): Force-Feeding Users with Silent Backdoor Installs and Copying Meta’s Homework
Culper Research 2025-02-26 -83.5% +83.5%
RKLB -0.6%
Rocket Lab (RKLB): We Think It’s Gonna Be a Long, Long Time
Bleecker Street Research 2025-02-25 -118.1% +118.1%
DY -0.7%
sprucepointcap on Dycom Industries, Inc.
Spruce Point Capital Management 2025-02-19 -101.4% +101.4%
TDOC -2.4%
Blue Orca is Short Teladoc Health, Inc.
Blue Orca Capital 2025-02-19 +42.1% -42.1%
PGY -0.2%
Pagaya: Using Other People’s Money to Hide Massive Losses
Iceberg Research 2025-02-11 -90.9% +90.9%
WGS -1.8%
Insiders Attest That GeneDx (Nasdaq: WGS) Is Actively Committing Widespread Fraud
Grizzly Research 2025-02-05 -120.7% +120.7%
AAOI +1.3%
Applied Optoelectronics (AAOI): Another Optical Illusion
Culper Research 2025-02-04 -2.9% +2.9%
MCY -0.2%
California Wildfire Events a Gamechanger for Mercury (MCY) As We Estimate More Than $2 Billion in Losses Using Zip Code Data
Wolfpack Research 2025-01-29 -80.1% +80.1%
FTAI +0.7%
snowcapresearch on FTAI Aviation
Snowcap Research 2025-01-29 -77.0% +77.0%
ROAD -2.2%
sprucepointcap on Construction Partners, Inc.
Spruce Point Capital Management 2025-01-23 -11.1% +11.1%
PRCT +1.2%
sprucepointcap on PROCEPT BioRobotics Corp.
Spruce Point Capital Management 2025-01-16 +54.2% -54.2%
RCAT -3.6%
Flying Blind
Kerrisdale Capital 2025-01-16 +26.5% -26.5%
QUBT -5.4%
Quantum Deception: A $2 Billion fraud built on fake products, fake revenue, and fake partnerships
Capybara Research 2025-01-16 -11.2% +11.2%
FTAI +0.7%
MW is Short FTAI Aviation Ltd. (FTAI US)
Muddy Waters Research 2025-01-15 -15.5% +15.5%
TMDX -1.5%
TRANSMEDICS GROUP INC (NASDAQ: TMDX)
Scorpion Capital 2025-01-10 -88.2% +88.2%
APP +1.2%
AppLovin (NASDAQ: APP) is a Round Tripping Hellhole
The Captain's Log 2025-01-08 -109.7% +109.7%
PINC +0.3%
Jehoshaphat Research is Short Premier Inc. (PINC)
Jehoshaphat Research 2025-01-08 -34.0% +34.0%
CVNA +0.2%
Carvana: A Father-Son Accounting Grift For The Ages
Hindenburg Research 2025-01-02 -96.6% +96.6%
Showing 114 reports.
P&L is the negative of stock return from the T-1 close before publication; values are equal-weighted across companies per report.
Kerrisdale Capital
Activist short‑selling
Aug 19, 2025

A Dead End

Thesis P&L +30.7%
Stock Return -30.7%
Total Reports 7
Kerrisdale Capital
Activist short‑selling
Jan 16, 2025

Flying Blind

Thesis P&L +26.5%
Stock Return -26.5%
Total Reports 7