GoPro Inc (GPRO) Out of Short Seller's Target List; Climbs

Kerrisdale Capital made news today that might come as a relief to GoPro Inc (NASDAQ:GPRO) shareholders.  When the company announced its hedge fund’s latest, greatest short strategy could be found in Globalstar, Inc. (NYSEMKT:GSAT), not GoPro, shares of GoPro jumped nearly 5 percent on the news.

Kerrisdale Capital not shorting GoPro

As ValueWalk noted earlier this month, Kerrisdale Capital was rumored to be building a growing short position. Short interest in the digital camera maker has skyrocketed since June, climbing from nearly 3,000 shares being sold short at the end of June to more than 8.4 million shares being sold short as of the middle of September.  The Wall Street Journal reported a...