Sprucepoint Capital

Tech stocks once again led the market lower on Wednesday as the difficult 2022 for Wall Street continued. But bad news in the market for ETF investors is good news for ETF short sellers. There is currently $241 billion in aggregate ETF short interest in the U.S. market, according to S3 Partners. S3...

Shares of Chinese electric vehicle maker Nio Inc - ADR (NYSE: NIO) were falling Wednesday following a new report by short seller Grizzly Research. On Wednesday morning, CFRA analyst Lim Jian Xiong said the allegations in the short seller report have no impact on his outlook for Nio shares...

Wells Fargo analyst Praneeth Satish initiated coverage of Generac Holdings Inc. (NYSE: GNRC) with an Overweight rating and price target of $285. Satish noted the company is well-positioned to benefit from the continued growth of the home standby (HSB) market. The analyst...

Shares of residential portable generator stock Generac Holdings Inc. (NYSE: GNRC) dropped 6.6% on Wednesday morning after short seller Spruce Point Capital Management released a new report on Generac suggesting the stock may be significantly overvalued at current levels. Questionable Decisions: In...

C3.ai (NYSE: AI) shares fell in pre-market trading following a short-sell call by Spruce Point Capital. The report entitled "Real Intelligence: Sell C3.ai" outlines why the short-selling firm believes shares face "up to 40% to 50% downside risk" to $12.85-$15.40 per...

Gainers   Aptorum Group Limited (NYSE: APM) shares jumped 38.5% to close at $1.69 on Thursday after the company announced it received FDA Orphan Drug designation for its SACT-1 repurposed drug for the treatment of neuroblastoma. Hillstream BioPharma, Inc. (NASDAQ: HILS) gained 21.8...

Toward the end of trading Thursday, the Dow traded up 0.88% to 35,336.29 while the NASDAQ rose 1.33% to 14,530.74. The S&P also rose, gaining, 1.02% to 4,579.15. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 69,808,350 cases with around 880,...

Spruce Point Capital Management, LLC issued a report entitled "Moderating The Bull Case Content," justifying TaskUs, Inc (NASDAQ: TASK) facing up to 25% - 50% long-term downside risk, or $17.80 – $26.70 per share. The report uncovered evidence of CEO and co-...

Midway through trading Thursday, the Dow traded up 1.04% to 35,392.40 while the NASDAQ rose 1.59% to 14,568.72. The S&P also rose, gaining, 1.20% to 4,587.08. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 69,808,350 cases with around 880,970...

Gainers Baudax Bio, Inc. (NASDAQ: BXRX) shares rose 29.8% to $0.2550. Baudax Bio, last month, announced a $4.2 million registered direct offering. Vertical Aerospace Ltd. (NYSE: EVTL) gained 29.1% to $9.50. Barclays, on Tuesday, initiated coverage on the stock with an Underweight rating and a $7...

Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week's bullish calls included a U.S. EV manufacturer and a leading beverage company. Big tech company and a sports betting operator were among the bearish calls seen. Technology companies...

Gainers Insignia Systems, Inc. (NASDAQ: ISIG) shares surged 84.1% to close at $19.11 on Wednesday. Insignia Systems recently announced the commencement of a formal process to explore strategic options to maximize shareholder value, including potential merger or acquisition. Pioneer Power...

Nuvei Corp (NASDAQ: NVEI) shares dropped 36% on Wednesday after a new short seller report by Spruce Point Capital Management slammed the stock and suggested the company’s management has a track record of nefarious activities. However, Citron Research executive editor Andrew Left took to...

Toward the end of trading Wednesday, the Dow traded down 0.08% to 35,692.63 while the NASDAQ rose 0.45% to 15,757.04. The S&P also rose, gaining 0.12% to 4,692.41. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 50,270,130 cases with around 812...

Midway through trading Wednesday, the Dow traded down 0.13% to 35,673.40 while the NASDAQ fell 0.10% to 15,670.88. The S&P also fell, dropping 0.11% to 4,681.64. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 50,270,130 cases with around 812,...