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Ohio-based EV startup Workhorse is under investigation from the Department of Justice, after it was accused of fraud in September. The DOJ probe comes on top of another investigation from the Securities and Exchange Commission.
Workhorse (NASDAQ: WKHS), the maker of electric, delivery-focused vehicles, is coming in hot. It seems that as investors look for the next short squeeze target, WKHS is a logical pick. As GameStop (NYSE: More importantly, in the battle against hedge funds and evil short-sellers, Workhorse certainly has a compelling story. The company skyrocketed on all-electric hopes, and has quickly fallen from its highs. Short-sellers like Hindenburg Research, Lakewood Capital and Fuzzy Panda have played a huge role in this demise. Firms betting against Workhorse have historically taken fault with its ...
Share this article Share this article NEW YORK, May 11, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Foresight Autonomous Holdings Ltd. ("Foresight" or the "Company") (NASDAQ: FRSX). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Foresight and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On April 28, 2021, short seller Fuzzy Panda Research ("Fuzzy Panda") issued a report entitled "Fo...
Workhorse Has Red Flags In previous columns, I’ve pointed out that the company has multiple red flags. For example, I noted that Workhorse says factory may not be able to make the vehicles cheaply enough to meet USPS needs. I also reported that a number of the company’s drones reportedly had technical issues, while pointing out that Fuzzy Panda, which shorted WKHS stock, alleged “that the company’s vehicles have malfunctioned on multiple occasions.” Given these points and other red flags, I think it’s quite possible that the USPS decided to never order any vehicles from Workhorse...