BUZZ-Drone firm Red Cat slips on Fuzzy Panda short report

Reuters

2025/10/10

BUZZ-Drone firm <a href="https://laohu8.com/S/RCAT">Red Cat</a> slips on Fuzzy Panda short report

** Shares of Red Cat Holdings RCAT.O fall 4.8% to $14 in early trade

** Fuzzy Panda Research discloses short position in RCAT

** Says co uses paid stock promotion and that management has misled investors; adds RCAT has a "big guidance miss" coming

** Says product images of co's new drone "FANG" are made with Chinese parts and another co's old drone

** Reuters could not independently verify claims made by Fuzzy Panda Research; RCAT did not immediately respond to a request for comment

** Median PT of 4 brokerages covering RCAT is $16 - LSEG data

** As of last close, stock up 14% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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RCAT did not immediately respond to a request for comment** Median PT of 4 brokerages covering RCAT is $16 - LSEG data** As of last close, stock up 14% YTD  (Reporting by Anshuman Tripathy) ((Anshuman.Tripathy@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}