IONQ - IonQ drops after new short report from Scorpion Capital

IonQ Inc. (NYSE:IONQ) fell 6.7% after a new short report from Scorpion Capital that alleged the quantum computing company may be be a "hoax." Scorpion Capital alleges that IonQ claims of having a 32-qubit machine aren't real after conducting interviews with ex-executives and employees. Scorption highlighted that although IONQ had a "short-lived" run to $36 share, its shares have plunged 80% to around $8 and it still has a "preposterous" market cap of $1.6 billion. IonQ went public through a SPAC transaction last year with dMY Technology. IONQ didn't immediately respond to Seeking Alpha email request for comment. IONQ short interest is 5.2%. IONQ is set to report Q1 results on May 16.

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IonQ drops after new short report from Scorpion Capital