|Bid||7.53 x 2200|
|Ask||7.54 x 1400|
|Day's range||7.16 - 7.69|
|52-week range||6.41 - 19.13|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||N/A|
|Earnings date||02 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||13.44|
(Bloomberg) -- Fisker Inc. pushed back against a new report from short seller Fuzzy Panda Research that claimed the electric-vehicle maker hasn’t disclosed limitations on its cash balance.Most Read from BloombergMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsBeverly Hills Cop Was California’s Highest-Paid Municipal WorkerGoldman Jolts Traders With Bonus Warning After Bumper HaulMusk Suspends Ye From Twitter After Offensive Image PostAn Arizona County’s Refusal to Certify
LOS ANGELES, December 01, 2022--Fisker Inc. (NYSE: FSR) ("Fisker") has responded to a report published by Fuzzy Panda Research. On Dec. 1, 2022, Fisker issued a cease-and-desist letter to the firm, which announced a short position in Fisker stock at the same time it released a purported assessment containing numerous false and misleading allegations about Fisker’s business operations and its relationship with manufacturing partner Magna.
Fisker said it intends "to take immediate and aggressive action to address the false and misleading claims made by Fuzzy Panda Research," adding that it owns the intellectual property for the Fisker Ocean Platform. In a report disclosing an unspecified short position earlier on Thursday, Fuzzy Panda Research said that Fisker's access to its funds is limited by bank guarantees that set a mininum cash balance.