Distorting the Shorts

23 Pages Posted: 2 Mar 2022

Date Written: February 23, 2022


This white paper details material misrepresentations, omissions of fact, lack of academic integrity, and consistently incorrect statements by Joshua Mitts in his research paper “Short and Distort.” We explain why Mitts’ conclusion that pseudonymous short sellers are manipulating stocks through untruthful articles and manipulative options trading on a widespread basis is without basis. Moreover, we show that Mitts’ own data actually evidences pseudonymous activist short sellers’ articles are largely perceived as correct, despite Mitts’ claim to the contrary, and that their trading does not drive price declines.

Keywords: short selling, activism, market regulation, "short and distort"

Suggested Citation

Block, Carson, Distorting the Shorts (February 23, 2022). Available at SSRN: https://ssrn.com/abstract=4041541 or http://dx.doi.org/10.2139/ssrn.4041541

Carson Block (Contact Author)

Muddy Waters Capital LLC ( email )

714 Congress Ave
Ste 200
Austin, TX 78703
United States

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