Safety Shot Issues Warning To Its Shareholders
Portfolio Pulse from Benzinga Newsdesk
Safety Shot, Inc. (NASDAQ:SHOT) has issued a warning to its shareholders about malicious and defamatory articles by disclosed short sellers attempting to manipulate the stock price. The company is preparing to sue these individuals, similar to other companies that have filed lawsuits against short-selling research firms. CEO Brian S John encourages people to try Safety Shot and do their own research. Safety Shot will be available for retail on their website and Amazon in December 2023, with B2B sales starting in Q1 2024.
November 22, 2023 | 5:55 pm
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NEUTRAL IMPACT
Safety Shot, Inc. is alerting shareholders about negative articles by short sellers, which could be a tactic to lower SHOT's stock price. The company is taking legal steps and promoting product trials to counteract these claims.
While the company's announcement of impending legal action against short sellers could instill confidence in some investors, the existence of such negative articles and the potential lawsuit could also create uncertainty. This mixed sentiment may lead to a neutral short-term impact on SHOT's stock price. The company's proactive approach to invite product trials and the announcement of upcoming retail and B2B sales could be seen as positive, but the overall effect is likely to be tempered by the legal situation.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100