Find Out if You Qualify for a Financial Reward by filling out the form below.
Investigation Details
Gotham City Research LLC published a short-seller report on Grifols, S.A. on January 9, 2024. In the report, Gotham City alleged that the stock market “appears to fundamentally misunderstand the company.” The report claimed that Grifols “artificially reduced leverage by consolidating earnings of units it doesn’t control and has overstated profit.” In addition, the report stated “GRF manipulates reported debt & EBITDA to artificially reduce reported leverage to 6x which we believe is closer to 10x-13x.” The report concluded if these estimates are correct, Grifols “will face notably higher financing costs. Consequently, we believe shares are uninvestable, likely zero.”
On this news, Grifols American Depositary Receipts fell over 33%, in pre-market trading on January 9, 2024.
| Ticker Symbol | Company Name | Join Deadline | Join |
|---|---|---|---|
| CXM | Sprinklr, Inc. | October 15, 2024 | Join |
| STLA | Stellantis N.V. | October 15, 2024 | Join |
| SYM | Symbotic Inc. | October 15, 2024 | Join |
| EXTR | Extreme Networks, Inc. | October 15, 2024 | Join |
| PDD | PDD Holdings Inc. f/k/a Pinduoduo Inc. | October 15, 2024 | Join |
| ARDX | Ardelyx, Inc. | October 15, 2024 | Join |
| OFIX | Orthofix Medical Inc. | October 21, 2024 | Join |
| DXCM | DexCom, Inc. | October 21, 2024 | Join |
| SPIR | Spire Global, Inc. | October 21, 2024 | Join |
| STM | STMicroelectronics N.V. | October 22, 2024 | Join |
| DAVA | Endava plc | October 25, 2024 | Join |
| MEI | Methode Electronics, Inc. | October 25, 2024 | Join |
| SAGE | Sage Therapeutics, Inc. | October 28, 2024 | Join |
| VERV | Verve Therapeutics, Inc. | October 28, 2024 | Join |
| SBUX | Starbucks Corporation | October 28, 2024 | Join |
| OM | Outset Medical, Inc. | October 28, 2024 | Join |
| SMCI | Super Micro Computer, Inc. | October 29, 2024 | Join |
| ZI | ZoomInfo Technologies Inc. | November 04, 2024 | Join |
| WBTN | WEBTOON Entertainment Inc. | November 04, 2024 | Join |
| GTLB | GitLab Inc. | November 04, 2024 | Join |
| GTLB | GitLab Inc. | November 04, 2024 | Join |
| AGEN | Agenus Inc. | November 05, 2024 | Join |
| NFE | New Fortress Energy Inc. | November 18, 2024 | Join |
| MGX | Metagenomi, Inc. | November 25, 2024 | Join |
| BMBL | Bumble Inc. | November 25, 2024 | Join |
| UPS | United Parcel Service, Inc. | December 09, 2024 | Join |
| EW | Edwards Lifesciences Corporation | December 13, 2024 | Join |