Chinese EV maker NIO (NIO) has seen its shares slide 42.2% so far in 2022. Despite a host of recent positives, including the lifting of COVID-19 curbs and rising deliveries, shares are down 18% over the past month alone. Nonetheless, Grizzly Research has accused NIO of exaggerating its numbers, and short interest in the stock currently stands at about 5.2%. NIO also faces potential delisting of its ADRs and is on the SEC’s list of 86 companies facing this risk. These are major headwinds. Earlier this month, NIO provided an update on its response to the short seller report.
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NIO (NYSE:NIO)
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