Stock Track | Electro Optic Systems Holdings Plummets 5.11% Intraday Following Short Seller Report

Stock Track

02/12

ELECTRO OPTIC SYSTEMS HOLDIN (ASX:EOS) shares plummeted 5.11% during intraday trading on Thursday, as the stock faced renewed selling pressure.

The sharp decline follows a report from US short seller Grizzly Research targeting the company, which raised concerns about its contracts and acquisitions. The short seller's allegations triggered a trading suspension and prompted a detailed rebuttal from the company management to address the issues raised.

This development comes amid recent volatility for the defence and security technology firm, highlighting investor sensitivity to negative research and allegations from short-selling entities in the current market environment.

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