SPACs with highest short interest amid blank-check correction: S3 data
Investors are viewing the recent slump and volatility in SPAC names differently, and some of them have placed massive shorts on high-profile SPACs.
Source: businessinsider.com
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'Stock promotion' and 'bullshit': Carson Block breaks down his new short
'Us' and 'them' XLFleet is being sold on a "blue-sky" story, with exponential growth in sales estimates, Block said, justified by a $1.4 billion sales estimate in 2024 that he called "a joke." In talking to former employees, the hedge fund has found this estimate has been created using an order backlog worth $200 million, he said. "That backlog is greatly misrepresented. I mean maybe even to the point where you call it an outright lie," he said, adding: "We can extrapolate that this $1.4 billion is just farcical." He said: "What we learned from talking with three former salespeople is that th...
Source: businessinsider.com