Globalstar, Inc. (GSAT) Hits -15%, Bounces As Longs Dig In
When Kerrisdale Capital first released its short thesis this morning, the characteristic plunge that we’re used to seeing from high profile shorts didn’t materialize, at least not at first. But when Kerrisdale CIO Sahm Adrangi began his presentation this morning the price fell by double digits very quickly, reaching -15% before bouncing back to -11% as opportunistic investors started going long to . . .
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