Gorilla Technology Shares Fall Following Short-Seller Post

MT Newswires Live03-17

Gorilla Technology Group's (GRRR) shares were down more than 19% in recent Monday trading after a post on social platform X from short-seller Citron Research.

Citron called on the US Securities and Exchange Commission to halt trading in Gorilla Technology shares due to the company's alleged misleading statements, according to the post.

Citron claims the company is promoting a massive, dubious deal with a figure known for financial misconduct, and that its claims of artificial intelligence leadership are unsubstantiated, given its minimal research and development spending.

Both Gorilla Technology and Citron didn't immediately respond to requests for comment from MT Newswires.

Price: 28.50, Change: -5.09, Percent Change: -15.16

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Comments

Rogskywalker
03-22
Rogskywalker
Citron itself is the actual trouble-maker.

Leave a comment

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