Grizzly Research Short Reports

Overview of the latest short reports by Grizzly Research.

Total reports

Win rate

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Mean P&L (equal-weighted)

-15.7%

Median P&L

Calculating…

Short report impact

Percentage change from publication for the rest of the session.

Includes only reports with intraday data and precise publication timestamps (mostly US‑listed stocks).

P&L is negative of stock return since T-1 close before publication.

Date	Company	Ticker	Title	Intraday low	Stock Return	Thesis P&L
2025-12-04	Trustpilot Group plc	TRST.L	The “Trustpilot Mafia” – How the Extortion Model Destroys Trustpilot’s Value Proposition	N/A	N/A	N/A
2025-11-07	HelloFresh SE	HFG	HelloFresh SE’s (FSE: HFG) Last Supper: Executives Carve Up Value Before the Collapse	N/A	N/A	N/A
2025-08-27	Archer Aviation	ACHR	Archer Aviation, the Nikola of the Skies	-2.3%	-7.2%	+7.2%
2025-07-10	Pony AI Inc.	PONY	Falsifying Data Can’t Save You From Severe Competition: Why We Believe Pony AI Inc. is the Worst of the Robotaxi Hype	-3.0%	+17.0%	-17.0%
2025-06-25	Microvast Holdings, Inc.	MVST	MVST’s House of Lies: The German Factory Stands Idle, the Chinese One Runs at Half Capacity, and the CCP Owns the Shop	-10.2%	-4.1%	+4.1%
2025-04-30	Nexstar Media Group, Inc.	NXST	Nexstar Media Group, Inc. (Nasdaq: NXST) Is Failing With Its Digital Strategy and Will Face Its Kodak Moment Soon	-5.7%	+25.8%	-25.8%
2025-04-03	KULR Technology Group	KULR	KULR: Exposing the Hype, Overpromises, Insider-Mistrust and Operational Chaos in an ‘Everything-Tech’ Mirage	-12.5%	-61.6%	+61.6%
2025-03-12	XP	XP	XP’s (Nasdaq: XP) Entire Profits Are Dependent on What Insiders Call a “Madoff-Like Ponzi Scheme”	-10.0%	+19.5%	-19.5%
2025-02-05	GeneDx	WGS	Insiders Attest That GeneDx (Nasdaq: WGS) Is Actively Committing Widespread Fraud	-16.2%	+120.7%	-120.7%