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Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

Event-Driven

<ul>
<li>Liquidity shorts can be great short candidates.  The key characteristic is that the company may not be viable, economically, given their cash flows and cash requirements. </li>
<li>Liquidity shorts have built-in catalysts, tend to have moderate to higher betas,  and can have strong down moves as the liquidity crisis gets closer in time. </li>
<li>They can also go bankrupt, pushing the stock price close to zero.</li>
</ul>


Liquidity shorts can be great short candidates.  The key characteristic is that the company may not be viable, economically, given their cash flows and cash requirements. 
Liquidity shorts have built-in catalysts, tend to have moderate to higher betas,  and can have strong down moves as the liquidity crisis gets closer in time. 
They can also go bankrupt, pushing the stock price close to zero.


Liquidity Risk Short Candidates: PureCycle, Atara Biothera, Nikola, Dutch Bros.

Nikola Corp

Liquidity Risk Short Candidates: PureCycle, Atara Biothera, Nikola, Dutch Bros.