Wolfpack Research Posts On X "Also short this POS. I mean a tiny bit...who could find enough borrow without their wash trading jamming it up our arse. Truth be told I was going to put out a report next week during the Chinese holiday. Amazing how their wash trading dries up during Chinese holidays."
Portfolio Pulse from Benzinga Newsdesk
Wolfpack Research has publicly announced a short position on FTEL, hinting at concerns over wash trading activities, particularly during Chinese holidays.
September 05, 2024 | 4:20 pm
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Wolfpack Research has disclosed a short position on FTEL, suggesting issues with wash trading, especially during Chinese holidays. This could lead to increased volatility in FTEL's stock price.
The announcement of a short position by Wolfpack Research, a known short-seller, can lead to negative sentiment and increased selling pressure on FTEL's stock. The mention of wash trading concerns adds to the potential for volatility.
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