Short sellers failed with Stride but lost big with LRN; positive.

From Nasdaq: 2024-10-29 09:00:00

Short sellers aim to profit from falling stock prices by releasing research reports to trigger selling. However, this can backfire, leading to a short squeeze. Stride faced allegations of inflated earnings from ESSER COVID funds, causing a 9% stock drop. Yet, after a blowout earnings report, LRN surged 45.4%, causing pain for short sellers like Fuzzy Panda.

Hindenburg Research targeted Axos Financial, claiming risky loans and overvaluation. The report initially caused a 16% drop in stock price, but Axos rebounded, squeezing short sellers. Despite Hindenburg’s efforts, Axos stock climbed 79.57% in the following weeks, leaving those who shorted the stock after the report at a loss.



Read more at Nasdaq:: 2 Stocks That Crushed Short Sellers With Impressive Gains