AST SpaceMobile ( NASDAQ: ASTS ) fell 6.21% following the release of a new short report from Kerrisdale Capital.
Kerrisdale claims the stock is overvalued and criticized its satellite design among a host of other bearish commentaries. Short interest in the stock stands at 24.92%, per SeekingAlpha data.
AST SpaceMobile ( ASTS ) didn't immediately return SeekingAlpha's requests for comment.
Read more on the company’s successful test satellite launch earlier this week .
For further details see:
AST SpaceMobile slides on short report from Kerrisdale Capital