EOSE is trading 8.4% down at $6.80 after a short-seller report added to the negative sentiment that has been building since its recent earnings update.
- Short-seller Fuzzy Panda publicly highlighted concerns about the company's outlook on May 19, shaking investor confidence and fueling the day's decline.
- The stock has been on a multi-day pullback since its May 13 earnings call, where it announced a partnership with Cerberus and an earnings beat that initially sent the stock higher before reversing.
- Adding to the pressure, a new filing on May 19 revealed that DNB Asset Management AS had significantly lowered its holdings in Eos Energy.