Gorilla Technology tumbles after blogger Edwin Dorsey's negative comments

Gorilla Technology

06/03/2025 17:44

Updates with company comment

** Shares of AI product-focused company Gorilla Technology Group GRRR.O slump 24.1% to $31.90, 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 says: "We are being targeted by short sellers who have no credibility, no valuable insights into our business and no reputation. Their so-called analysis is nothing more than an attempt to manipulate the market for their own personal gain"

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

** GRRR shares have soared ~78% this year

 (Reporting by Lisa Pauline Mattackal)

 ((LisaPauline.Mattackal@thomsonreuters.com))