Wolfpack Research disclosed a short position in York Space Systems, triggering a 6% drop in the stock ahead of Q1 earnings.
York Space Systems (YSS) shares fell 6% after Wolfpack Research released a short report on the company. The firm disclosed it had taken a short position in YSS, though details of the report’s findings were not immediately available.
York Space, which has a short interest of 4.5%, is set to report its first-quarter results on Thursday. The stock’s decline follows the broader trend of companies targeted by short sellers, though no immediate response was provided by York Space to requests for comment.
Market reaction was swift, with the stock retreating in early trading as investors digested the short seller’s allegations.