Citron Research

Jumia Technologies (NYSE: JMIA) is an African e-commerce company that covers a population of 600 million people. A November presentation laid out the company’s turnaround efforts and plans for future growth that are summarized below. Jumia E-commerce: Jumia has 6.7 million annual active...

Nio Inc - ADR (NYSE: NIO) shares are up 2,610% over the last year, and some large option traders are betting the Nio rally still has legs. The Nio Trades: On Tuesday, Benzinga Pro subscribers received dozens of option alerts related to unusually large Nio trades Here are a handful of the largest:...

Bitcoin is a high-flying asset in 2020, up about 155% year-to-date. The world's most-traded digital currency crossed the $18,000 threshold late last week. The buoyancy places bitcoin within sight of its all-time high of $20,089, which the cryptocurrency hit intraday on Dec. 17, 2017. The...

One IPO is set to price the shortened week of Thanksgiving, but it's a big one. The Offering: Ozon Holdings (NASDAQ: OZON) plans to sell 30 million ADS at a price point of $22.50 to $27.50. Ozon is a large e-commerce company in Russia, a large fragmented market. The two largest...

Electric vehicle stocks were outperforming the broader market Monday. The gains are being led by U.S.-listed, China-based EV manufacturers Nio Inc – ADR (NYSE: NIO), Xpeng Inc – ADR (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI). Nio Recovers From Citron Crash: Nio shares, which...

Ten days after Citron Research editor and notorious short seller Andrew Left blasted Nio Inc - ADR (NYSE: NIO) for its valuation, Left called out electric vehicle charging station stock Blink Charging Co (NASDAQ: BLNK) as the latest stock caught in the EV bubble. Citron said Blink’s valuation...

The rally in electric vehicle-related stocks has not been missed by Citron Research. The short seller is out with tweets Friday hitting one of the fastest growing names in the sector. What Happened: Citron hit Electrameccanica Vehicles Corp (NASDAQ: SOLO). The first tweet calls SOLO “a...

A low-cost portable ultrasound company is hitting the public market with a SPAC deal announced Friday. The SPAC Deal: Butterfly Network, a handheld portable ultrasound company, is merging with Longview Acquisition Corp (NYSE: LGVW). The deal values Butterfly Network at $1.5 billion. Longview...

Shares of Chinese online tutoring company GSX Techedu Inc (NYSE: GSX) are pulling back to nearly a five-month low after the company reported its financial results for the third quarter. What Happened: The Beijing-based company reported third-quarter revenue of 1.97 billion yuan ($289.532...

Despite near-term weakness in Nio Inc – ADR (NYSE: NIO) shares following Citron Research's bearish call on the stock, Wall Street is showing confidence in the Chinese electric vehicle manufacturer.  The Nio Analysts: Deutsche Bank Securities analyst Edison Yu reiterated a Buy rating...

Nio Inc (NYSE: NIO) is entering the sedan market, with plans to launch two back-to-back models, the electric vehicle company's CEO William Li said on the quarterly earnings call Tuesday. What Happened: The Chinese EV maker will launch a sedan "soon" and is currently...

Xpeng Inc – ADR (NYSE: XPEV) reported last week strong quarterly results, sending its shares rallying by about 33.5% in a single session. The XPeng Analyst: Citigroup analyst Jeff Chung maintained a Buy rating on Xpeng shares and increased the price target from $34.70 to $57.71. JPMorgan...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

Nio Inc – ADR (NYSE: NIO) shares are nearly flat after last Friday's bloodbath set in motion by Citron Research. The recovery is in part supported by an increase in institutional buying, as revealed by 13F filings. What Happened: Bridgewater Associates, the world's biggest hedge fund...

Benzinga has examined the prospects for many investor favorite stocks over the past week. The bullish calls this past week included top bank and aerospace stocks. Electric vehicle makers and hotels were featured among the week's bearish calls. Waning uncertainty about the outcome of the...