EXROF - Exro Technologies drops after new short report from Mariner Research

Exro Technologies (EXROF) fell 2.6% after Mariner Research released a new short report, seeing potential 95% downside from current levels after the clean technology company has jumped almost 1300% over the past year.Mariner Research claims that Exro's "touted" partnerships are exaggerated and have "limited, if any value."Mariner Research says that it discovered that one of Exro's partnerships is based out of UPS store mailbox. The report also adds that CEO appears to be reducing her exposure to the company, selling almost 18% of her shares in a four-week period.The report sees downside to 95c a share.Recall Feb. 9, Exro strengthens partnership with SEA Electric to accelerate development of Exro's battery control system.

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Exro Technologies drops after new short report from Mariner Research