** Shares of Red Cat Holdings RCAT.O down 8% to $10
** Kerrisdale Capital says it has taken a short position in RCAT
** Investment firm adds that the drone technology firm has been "misleading investors about its manufacturing capacity for years"
** RCAT's declarations and projections rarely materialize, and believe the same will be true of both its 2025 guidance and the parameters of a US Army short range reconnaissance contract - Kerrisdale
** "Having set almost impossible expectations, Red Cat is set to be blown out of the sky" - Kerrisdale
(Reporting by Juby Anna Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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