RE:RE:RE:RE:RE:hindenburgh research short reportSorry for not responding earlier but I don't follow this stock so much anymore and don't come to this board much. Still have some shares but sold about 80% over the last year.
I do think that KNDI can get back to $20. My understanding is that the large short interest is still there, though the make-up of the float has changed over the last few months given the share offering last fall. It used to be that about half the shares were controlled by the company CEO, and as far as I know he has never sold any. An amount about equivalent to 25% of the float not held by the CEO was shorted, setting up the possibility for a major short squeeze. Today there is a major short squeeze happening at GME - price has gone up about 9 x in a week. Demonstrates that anything is possible.
One problem with KNDI is that it has been subject to a lot of manipulation over the years by shorts. The Hindenburgh report is just one of a long line of attack articles over the last decade. Its an easy company to manipulate that way because it is headquartered in China, has multiple related entities, and a stubborn CEO that isn't particularly oriented to PR. However it also has a solid balance sheet, has often made money (unlike many of the EV companies), is linked into Geely, and has multiple revenue sources. In addition to EV's, it sells off road vehicles and does contract manufacturing for things like electric scooters. There has also been talk over the last few years about a potential IPO for a subsidiary that KNDI owns.
Probably the best source of information on the company is to look at the twitter account of Arthur Porcari.
bmeister2 wrote: What do you think,treehill, can kndi get some traction similar to nio and other ev companies and make its way to 20 bucks?? Thanks