Trustpilot Group Plc Stock Plunges After Short-Seller Attack – But Analysts Still See Triple-Digit Upside
Trustpilot shares plunged nearly 20% to a new 52-week low of 149p on Thursday after Grizzly Research accused the company of “mafia-style” tactics and systemic review abuse in a 43-page short report. Trading volume surged to 11.6 million shares, far above the three-month average. Grizzly disclosed a short position. Trustpilot continues its share buyback as a major holder crossed 5% ownership.