Short sellers step up bearish bets amid market downturn

Northern Dynasty Minerals

23/09/2020 14:24

** Short sellers have stepped up attacks against well-known
firms in September amid a downturn in stock markets, causing
share slumps for most and management changes for a few
    ** "After a multi-year bull market, short-seller campaigns
are more important than ever, as other short and activism
indicators fall" - Tower Hudson analysts 
    ** Wall Street's short sellers have stepped up bearish stock
bets, reaping sizable profits from the decline in some
high-profile tech names, according to Financial analytics firm
S3 Partners  urn:newsml:reuters.com:*:nL1N2G61JF
    ** Electric-truck maker Nikola Corp  NKLA.O  tumbled as much
as 30% on Monday after founder Trevor Milton stepped down
following claims of nepotism and fraud by Hindenburg Research
 urn:newsml:reuters.com:*:nL3N2GI0XV
    ** U.S.-listed shares of Israel's Nano-X Imaging Ltd
 NNOX.O  dived ~20% on Tuesday after Muddy Waters joined Citron
Research in raising doubts over the its diagnostic product
 urn:newsml:reuters.com:*:nL3N2GJ28N
    ** German leasing business Grenke  GLJn.DE  said on Monday
its founder Wolfgang Grenke would temporarily give up his board
seat in the aftermath of critical report by Viceroy Research
 urn:newsml:reuters.com:*:nL5N2GI1C1
    ** Earlier this month, shares of Canadian miner Northern
Dynasty Minerals  NDM.TO  fell after co responded to a report
issued by J Capital Research calling it "fatuous, flimsy and
fundamentally self-serving"  urn:newsml:reuters.com:*:nL4N2G73GL

 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))