TBH I actually don't have a problem with shorting. Whilst I have never shorted any stocks myself I can see the argument for it, and have no problem if the shorter's case is sound. In fact, I want to hear sound arguments for why I shouldn't be investing or holding a stock, and there are definitely good outcomes from shorters' activities when companies are actually committing fraud.
The issue I take with J Capital's report is that it's a very one-sided interpretation of facts. If I was in their shoes I wouldn't be shorting on the basis of that report because it either deliberately omits or conveniently ignores a bunch of counter arguments, which, if it were my money, are extremely important.
Hence my conclusion that the report is not a strong justification for a short, rather it's written as a post-hoc justification of their (likely) short position, or written to scare others into acting to their advantage.
NEA Price at posting:
$2.16 Sentiment: Buy Disclosure: Held