Activists Short "Insolvent" China BAK Battery

Mark Melin

Published onJuly 22, 2014

Updated on May 13, 2021

China BAK Battery Inc. (NASDAQ:CBAK) is up over 1 percent today and is racing to all time highs, up almost 90 percent in the past month. This high flying price momentum has two hedge fund investors short the stock with indications the price spike could be another pump and dump case, according to sources.

Activist Shorts GeoInvesting 1 — Chart via Activistshorts.com

China BAK Battery stock surged on rumors of a Chinese government subsidy

On July 1, with the stock trading near $2.51 per share, the China BAK Battery Inc. (NASDAQ:CBAK) suddenly surged on rumors of a Chinese government subsidy for battery producers. The problem, says activist investor Richard...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Activists Short "Insolvent" China BAK Battery

China BAK Battery stock surged on rumors of a Chinese government subsidy

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