Interesting short attack on Grifols last week, link to Reuters...

Interesting short attack on Grifols last week, link to Reuters article below detailing how Grifols saying it will sue shorters over the report. It is worth noting that while the attack happened and caused a price plunge the shorters were ready to buyback lots of shares to close their positions. Interesting way to trade, and not something any normal investor does, that is sell fake shares in a company at a high price then publish a report attacking the company and then buyback shares after publishing the report.

https://www.reuters.com/business/healthcare-pharmaceuticals/spains-grifols-say-it-will-sue-gotham-city-fund-over-damaging-report-2024-01-10/

I can see why recently South Korea banned short selling until June in 2024 due to "massive illegal naked short-selling by global investment banks and circumstances of additional illegal activities.” Wonder what ASIC would find if they did a bit of serious digging here in Australia where the Royal Commission into Banking discovered plenty?

All IMO DYOR