#Oatly accused of overstating revenues and profit margins

#Oatly accused of overstating revenues and profit margins

“#Oatly accused of overstating revenues and profit margins” Oatly is allegedly bamboozling its investors, overstating revenues and profits even as it loses market share, according to an explosive report by a short seller. The Swedish maker of oat-based milk substitutes — which listed its shares on the Nasdaq in a splashy May debut that valued…

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#AMC shares fall after research house discloses short position

#AMC shares fall after research house discloses short position

“#AMC shares fall after research house discloses short position” AMC Entertainment shares fell as much as 12 percent on Friday after short-seller Iceberg Research tweeted that it had made a bearish bet against the theater chain operator’s stock. The so-called meme stock dropped 8.9 percent at $49.40 after falling as low as $47.77 following Iceberg’s disclosure…

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#Jordan Belfort to host GameStop documentary for Discovery+

#Jordan Belfort to host GameStop documentary for Discovery+

“#Jordan Belfort to host GameStop documentary for Discovery+” Jordan Belfort — the infamous stockbroker who inspired the hit film “The Wolf of Wall Street” — is set to host a new documentary on the sharp rise of GameStop’s stock for Discovery’s new streaming service. The hour-long documentary, slated to air on Discovery+ with the working…

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#Lordstown Motors stock sinks after SEC inquiry revealed

#Lordstown Motors stock sinks after SEC inquiry revealed

“#Lordstown Motors stock sinks after SEC inquiry revealed” Lordstown Motors’ stock price tumbled Thursday after the electric-vehicle startup told investors it’s facing scrutiny from the feds. Shares in the General Motors-backed company slid about 8.2 percent to $13.85 in premarket trading as of 8:58 a.m. after CEO Steve Burns said it received “requests for information”…

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#Lordstown Motors stock sinks after Hindenburg Research report

#Lordstown Motors stock sinks after Hindenburg Research report

“#Lordstown Motors stock sinks after Hindenburg Research report” Lordstown Motors shares plummeted Friday after a fiery short-seller accused the electric-vehicle startup of touting bogus pre-orders for its forthcoming pickup truck. The General Motors-backed company is the latest target of Hindenburg Research, which rose to prominence last September after publishing a damning report on Nikola, another…

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#Nikola admits founder Trevor Milton made ‘inaccurate’ claims

#Nikola admits founder Trevor Milton made ‘inaccurate’ claims

“#Nikola admits founder Trevor Milton made ‘inaccurate’ claims” Nikola admitted that founder and former chairman Trevor Milton made several “inaccurate” claims about the electric-truck maker’s business before he resigned under pressure last year. An internal investigation affirmed several findings of the Hindenburg Research report that threw Nikola into chaos last fall after the short-selling firm…

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