Iceberg Research Short Reports
Founded 2015 Website @IcebergResear
Overview of the latest short reports by Iceberg Research.
Total reports
2
Win rate
Calculating…
Mean P&L (equal-weighted)
-77.6%
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).
Reports
P&L is negative of stock return since T-1 close before publication.
| Date | Company | Ticker | Title | Intraday low | Stock Return | Thesis P&L |
|---|---|---|---|---|---|---|
| 2025-05-27 | The Metals Company | TMC | The Metals Company ($TMC): a Remake of the Nautilus Fiasco | -6.1% | +64.3% | -64.3% |
| 2025-02-11 | Pagaya Technologies | PGY | Pagaya: Using Other People’s Money to Hide Massive Losses | -16.7% | +90.9% | -90.9% |
The Metals CompanyTMC
May 27, 2025
The Metals Company ($TMC): a Remake of the Nautilus Fiasco
Return +64.3%
Max drop -6.1%
P&L -64.3%
Pagaya TechnologiesPGY
Feb 11, 2025
Pagaya: Using Other People’s Money to Hide Massive Losses
Return +90.9%
Max drop -16.7%
P&L -90.9%
Benchmark is the T-1 adjusted close in the security's local currency.