The answer to the short-selling institution Gray Bear has been revealed, not nvidia, not tesla, but $PDD Holdings (PDD.US)$ !!!
Before delving into the report content, let's first take a look at the background of Grizzly Research.
Compared to well-known short-selling institutions like Muddy Waters and Citron Research, Grizzly can be considered a rookie in short-selling.From the company's official website introduction, Grizzly is dedicated to providing differentiated research insights for listed companies through in-depth due diligence. It was founded by Siegfried G. Eggert and serves as the CEO. On May 30, 2019, Grizzly released its first short-selling report on the financial payment company Intelligent Systems Corporation, established in 1973.Grizzly's first short-selling performance was quite impressive - on that day, Intelligent Systems' stock price dropped by 20.17%.。
Grizzly has had a lot of experience in shorting Chinese concept stocks in the past, such as: $NIO Inc (NIO.US)$ 、 $LexinFintech (LX.US)$ 、 $DouYu (DOYU.US)$ 、 $Gaotu Techedu (GOTU.US)$ , 58 city, and so on.
Similar to June 28th of last year, the Grizzlies released a report titled"We believe that Nio Inc is using "financial gaming" to inflate revenue and profit to meet targets"shorting Nio Inc. The core point of the report is,The game is afoot, as this time the short-selling institution Grizzlies' target is pdd holdings!