Early this month, a short-seller report was released causing NIO (NYSE : NIO) to retest its $20 support.
This report came from Grizzly Research which had also released other notable short-seller reports on trending companies such as MP Materials (NYSE : MP) and TuSimple (NASDAQ:TSP).
While it is not my role to pass judgment on the credibility of their claims, I do think that readers may benefit from further analysis on some key points mentioned in the report. As always, my focus will be on keeping this analysis objective, concise and “jargon-free”.
Grizzly Research
NIO short seller report summary – a TLDR
The report is almost 30 pages long (pdf version here) with allegations ranging from issues arising from inflated revenue & profitability to the ‘shady’ affiliations of Nio’s CEO, Bin Li.
In my opinion, the foundation of this report mostly revolves around a single claim of NIO being able to .....