HYLN is trading at $5.55 (-8.93%) after Pelican Way Research disclosed a short position and questioned the company’s VFG Holdings deal involving 250 KARNO power cores.
- The selloff follows a steep -17.23% drop on June 23, with the stock now retracing much of its recent rally from the June 18 peak near $8.10.
- The downward move appears company-specific as broader market risk appetite remains firm today, highlighting concerns over the short-seller's allegations.