Gorilla Technology tumbles after blogger Edwin Dorsey's negative comments

Gorilla Technology

06/03/2025 17:24

** Shares of AI product-focused company Gorilla Technology Group GRRR.O slump 22.1% to $32.74, set for worst day in nearly two months

** Blogger Edwin Dorsey, who runs the Bear Cave substack newsletter, releases negative research report on company

** Dorsey says retail investor enthusiasm for GRRR is "premature" and "exact details of Gorilla's business and partnerships are a little fuzzy"

** Company did not immediately respond to Reuters' request for comment

** Both of the brokerages covering GRRR stock have a buy rating; their median PT is $31 - data compiled by LSEG

** GRRR shares have soared ~78% this year

 (Reporting by Lisa Pauline Mattackal)

 ((LisaPauline.Mattackal@thomsonreuters.com;))