NINGI Research

We are short AerSale Corporation (Nasdaq: ASLE) because, in our opinion, the company has been misleading shareholders since going public. AerSale boasted about its AerAware product and the “near-term” product launch but has failed to deliver on this promise. The stock is detached from fundamentals, hinging upon a near-term FAA approval for AerAware and a…

We are short Runway Growth Finance Corp. (NASDAQ: RWAY) because, in our opinion, Runway Growth Finance Corporation (“Runway”, “Runway Growth”, “RWAY”) is misleading shareholders and lacking transparency, as discrepancies in their disclosed loan-to-value (LTV) ratio and actual figures raise concerns. Furthermore, the company’s reliance on high-risk payment-in-kind (PIK) loans, coupled with significant cash shortfalls and…

We are short Walmart (NYSE: WMT) and Symbotic (NASDAQ: SYM).  In our opinion, Walmart exposed itself to significant business risk by awarding a $12 billion contract to a publicly-listed robotics start-up called Symbotic. Symbotic is a self-proclaimed “A.I.-powered robotic technology platform” that sells warehouse automation and so-called automated storage & retrieval system (“ASRS”). Walmart and…

We are short Arbor Realty Trust, Inc. (NYSE: ABR), because, in our opinion, Arbor hid its toxic mobile homes portfolio to manipulate its stock price and avoid insolvency, $599 million of Arbor’s escrows evaporated overnight, the company’s escrow balances and revenue are fake, in an Archegos-like situation $2.5 billion of repo facilities are subject to…

NINGI Research is short Provident Bancorp, Inc. (NASDAQ: PVBC), because, after recent revelations regarding losses due to crypto-backed loans, we think the bank is riddled with nepotism. In our opinion, the CEO failed at risk management and leadership due to seemingly personal relationships. The board of directors failed at its supervisory duties, and the public’s…

NINGI Research is short BRP Group, Inc. (NASDAQ: BRP), because, in our opinion, BRP has doctored its organic growth rate to beat analysts’ estimates. On top of that, shareholders are faced with a company whose key intellectual property was misappropriated, whose growth is declining, whose margins are not improving, and whose interest expense will increase…

NINGI Research is short Sinch AB (Ticker: SINCH.ST) because, in our opinion, the company acquired nocuous assets and misstated its accounts to beat analysts’ estimates and pump its share price. We have found material misstatements within the company’s reporting, and think past interim reports and the 2021 annual report do not present an accurate or…

NINGI Research is short Sinch AB (Ticker: SINCH.ST) because, in our opinion, the company acquired nocuous assets and misstated its accounts to beat analysts’ estimates and pump its share price. We have found material misstatements within the company’s current assets and think the annual report for the full year of 2021 does not present an…