Short seller report
🚨 TrustAn activist short seller publishes research alleging fraud, accounting manipulation, or misrepresentation.
Typical size
5-30% on the day
Timeframe
Immediate; the overhang lasts until claims are settled
Evidence
2 logged events
Why it moves the price
Introduces the possibility that the reported numbers are wrong. Since the valuation is built entirely on those numbers, doubt about their integrity compresses the multiple immediately.
What separates a good call from a naive one
The question is whether the report has verifiable new evidence or just reframes known concerns. The company response is the tell: a detailed rebuttal with data tends to restore the price, while a generic 'short and distort' statement without specifics usually precedes further decline.
Measured impact
Every logged event is measured against real closing prices: the move from the close before the event, compared with the S&P 500 over the same window.
Next day
-11.30%
- Median
- -11.30%
- Moved up
- 0% of 2
- vs S&P 500
- -10.80%
After 1 week
-24.44%
- Median
- -24.44%
- Moved up
- 0% of 2
- vs S&P 500
- -23.33%
After 1 month
-36.89%
- Median
- -36.89%
- Moved up
- 0% of 2
- vs S&P 500
- -38.00%
No measured verdict yet — 2 events logged. Three or more are needed before the data says anything useful.
The evidence (2)
Every row is a real event, measured against actual closing prices.
Measured from historical closing prices. Past reactions do not guarantee future ones. Not financial advice.