Apollo Research

Investigative journalism - exposing fraud - information arbitrage

nothing I post is financial advice, everything is to the best of my knowledge and belief

[Apollo Research @ApolloResearchC]

Post 1000: a 🧵(1/x)

Short $NNNN - we all know it's china scam and fake, but it's blatantly so. How SEC could sleep on this I can't understand. Fake adresses directly in the F1-filing, alleged but nonexistent IVD products + customers

A company with a market cap of 2 billion 🤡

[Apollo Research @ApolloResearchC]

Muddy short $ENSG

[MuddyWatersResearch @muddywatersre]

MW is short $ENSG. We believe Ensign rents Administrator licenses at est. ~20% of its SNFs to deceive CMS & the states. We estimate compliance alone cuts 2027 EBIT ~35% vs consensus & slows growth from ~11% to ~2%. FCA exposure possibly in Billions of $. Report link follows

[MuddyWatersResearch @muddywatersre]

MW is short $ENSG. We believe Ensign rents Administrator licenses at est. ~20% of its SNFs to deceive CMS & the states. We estimate compliance alone cuts 2027 EBIT ~35% vs consensus & slows growth from ~11% to ~2%. FCA exposure possibly in Billions of $. Report link follows

[Apollo Research @ApolloResearchC]

This $HUBC post aged like a fine wine 😘

[Apollo Research @ApolloResearchC]

Apes not the least surprised that $HUBC trades +1bn share volume friday and 20M in the first 15min of PM today already.

Yes sure, that's all on a float of basically 0 and not at all because they diluted the hell (convertible debt hello) without filing a new outstanding share count and thus not calculating their insider holdings on the real share count but on the old officially reported count 🤡

No position obviously.

[Grizzly Research @ResearchGrizzly]

We are Short Pirelli & C. S.P.A. $PIRC

We Believe Pirelli’s Secret Dependence and Close Relationships with Russia Pose a Threat to Western National Security

Read our New Report here: https://t.co/HL9szRXwzr

[Apollo Research @ApolloResearchC]

Apes not the least surprised that $HUBC trades +1bn share volume friday and 20M in the first 15min of PM today already.

Yes sure, that's all on a float of basically 0 and not at all because they diluted the hell (convertible debt hello) without filing a new outstanding share count and thus not calculating their insider holdings on the real share count but on the old officially reported count 🤡

No position obviously.

[Apollo Research @ApolloResearchC]

$HUBC thesis is profoundly dumb (and wrong) but I won't tell the apes that (because it won't matter anyway)

This is gonna be fun to watch

[Apollo Research @ApolloResearchC]

$HUBC thesis is profoundly dumb (and wrong) but I won't tell the apes that (because it won't matter anyway)

This is gonna be fun to watch

[Apollo Research @ApolloResearchC]

Evil $XMAX move following wolfpacks report.

Trying to squeeze some shorts I guess. Considering it's disabled for trading on ibkr a lot of retail will be locked out.

Centerpoint has it though for anyone brave enough to enter here.

[Wolfpack Research @WolfpackReports]

We are short $XMAX (which changed its ticker from $XWIN on Monday). We believe it's a Malaysian hustle peddling a furniture-to-AI fantasy to fund one of the most dilutive setups we have ever seen, including a $1 billion shelf (made effective May 12th 2026) for this ~$520m mkt cap. Our on-the-ground due diligence indicates $XMAX fabricated purchase orders of stone slabs to avoid delisting in October ’24. Our investigation reveals the suppliers' listed addresses include a preschool, a residential apartment complex, and a luxury condo building.
We also discovered numerous other red flags: a history of allegations of fraud (settled), glaring contradictions in its filings (unresolved), an (unrequited) AI deal with $SUPX, and a CEO whose bio does not appear to be accurate.

[Cedar Grove Capital Management @cedargrovecm]

Restaurants have seen their valuations decline over the last few years as rising costs have eaten into profits and diners have rebelled to some extent.

Still, certain concepts, like $CAVA, command a valuation of >$20M per unit despite just $3M in AUV (6.8x) and 27.1x RL EBITDA

[Manatee Research @Manateeres]

0/ NEW FROM US: Amprius Technologies: Exaggerated Orders, Hollow Manufacturing Partners, and Major Related Party Transactions

[Apollo Research @ApolloResearchC]

Manatee short $AMPX

[Manatee Research @Manateeres]

0/ NEW FROM US: Amprius Technologies: Exaggerated Orders, Hollow Manufacturing Partners, and Major Related Party Transactions

[Apollo Research @ApolloResearchC]

Whoever you are... I see you 👀

[Apollo Research @ApolloResearchC]

$OBCK Ottobock down as much as -10% in German premarket following grizzly's short report.

[Grizzly Research @ResearchGrizzly]

We are Short Ottobock SE & Co. KGaA $OBCK $OBCK.DE

How Hans Georg Näd er’s Margin Loan and Russia Business Endanger Public Shareholders

https://t.co/E0UhoUt8Vh

[Grizzly Research @ResearchGrizzly]

We are Short Ottobock SE & Co. KGaA $OBCK $OBCK.DE

How Hans Georg Näd er’s Margin Loan and Russia Business Endanger Public Shareholders

https://t.co/E0UhoUt8Vh

[Apollo Research @ApolloResearchC]

Fugazis short $MTC china scam

[Apollo Research @ApolloResearchC]

Culper short $NVDA 👀

[Culper @CulperResearch]

NEW: We are short Nvidia $NVDA. We believe Nvidia has a significant China problem. Please see our full report and disclosures now available on our website, link in bio.

[Apollo Research @ApolloResearchC]

$KNSL
By Bear Cave

[The Bear Cave @BearCaveEmail]

Tomorrow at 10:30am ET, The Bear Cave will publish on a $5 billion+ company that has sold its long-term future with short-term thinking.

It’s worked so far and this company is one of the best-performing in its industry. Our investigation will turn the tide.

Catch you tomorrow

[Apollo Research @ApolloResearchC]

$GME actually going for $EBAY is hilarious

[White Diamond @WhiteResearch]

13 Red Flags That Suggest Blaize Holdings Is A Total Fraud – 25c PT

$BZAI

https://t.co/OnefDMFOP2

[Apollo Research @ApolloResearchC]

White Diamond joining Pelican in their short of $BZAI with a report