QuantumScape Corporation (QS): QuantumScape falls after new short repor...

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Thursday, 04/15/2021 9:16:10 AM

Thursday, April 15, 2021 9:16:10 AM

QuantumScape falls after new short report from Scorpion Capital
Apr. 15, 2021 8:52 AM ETQuantumScape Corporation (QS)By: Josh Fineman, SA
- QuantumScape (NYSE:QS) dropped 8.2% in premarket trading after a new short report from Scorpion Capital on the EV battery maker.
- Scorpion claims that its research indicated that the the company is "no different than other recently exposed SPAC promotions and EV frauds."
- Scorpion alleges that many of the claims the company has made such as fast charging to 80% in under 15 minutes are false.
- The QuantumScape short was also revealed on Muddy Waters zerOes.tv.
- QuantumScape didn't immediately respond to Seeking Alpha request for comment.
- QS short interest 11.5% of float.
- On March 31, QuantumScape rallied after Volkswagen (OTCPK:VWAGY) approved a second $100M investment.
- Earlier this week, Morgan Stanley said QuantumScape stock should be viewed as potential EV winner on solid state edge.
Link: https://seekingalpha.com/news/3682114-quantumscape-falls-after-new-short-report-from-scorpion-capital?utm_source=advfn.com&utm_medium=referral