Did some research:
1.Preliminary information about techtronic ind: $TECHTRONIC IND (00669.HK)$What kind of company is it?;
2.Reasons for being shorted:
3. Jehoshaphat ResearchBackground and track record of short-selling institutions:
Reasons for being shorted: financial fraud, increasing gross margin.In theory, industrial companies, unlike the internet, do not have network effects, and their gross margins are relatively stable, and may even decrease. However, this company, with a scale of tens of billions of dollars, is still able to maintain a continuous increase, which is indeed suspicious!
To verify Jehoshaphat Research's track record, I found its official website. They always make a big fuss about shorting and indicate the stock code. I found the earliest one, the stock code is DOX. $Amdocs (DOX.US)$Looking at the candlestick chart, it was only on 3/31 that the stock price plummeted after being shorted, and then the company's stock price continued to rise. Based on this, the company's performance may not be that good! Welcome everyone to add more information and discuss other cases.
Welcome everyone to exchange and discuss together. I just happened to have some free time, so I hastily completed it for everyone's reference. Friends are welcome to add more information and details.