Knightscope Shares Tumble On Short Report: The Details
Portfolio Pulse from Adam Eckert
Knightscope Inc's shares are trading lower following a short report from Capybara Research. The report warns of potential extensive dilution due to the company's negative cash position and overvaluation. Capybara Research also criticized Knightscope's security robot innovations and set a price target of 50 cents on Knightscope shares. Knightscope's shares were down 27.3% at $1.56 at the time of publication.
July 17, 2023 | 4:28 pm
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NEGATIVE IMPACT
Knightscope's shares are expected to continue to fall in the short term due to the negative report from Capybara Research.
The short report from Capybara Research warns of potential dilution and overvaluation of Knightscope's shares. This negative sentiment is likely to drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100