Situational Awareness Not Target of Predatory Shorts, S3 Says

S3 Partners, which analyzes short-selling data, said that hedge fund Situational Awareness's stock sales at steep discounts resulted from concentrated positions in crowded trades rather than coordinated short-seller activity. The fund's losses prompted the sales, according to S3 founder's assessment of short positioning data. S3 did not identify a concerted effort by short-sellers targeting the fund.

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