GigaCloud (GCT) Stock Plunges on Grizzly Research Short Report

GigaCloud Technology (NASDAQ:GCT) stock is taking a beating on Wednesday after the company’s shares were hit with a short report from Grizzly Research.Grizzly Research alledges in its short report that GigaCloud Technology is a Chinese hustle that is manipulating data to attract investors. It claims that the company’s e-commerce website is only gets about 50 visitors per month. Even during its peak in June 2022, the firm notes visitors were only at about 1,000 users per month.Grizzly Research claims that th ...