On April 9, Bernstein Research analyst David Dai reiterated his rating on the market performance of Edge’s stock as “in sync with the broader market,” Bloomberg reported. On April 7, Wolfpack Research released a short report on Edge. David Dai makes it clear that this report does not provide any tangible evidence and does not believe that Aichi lied about the number of users or revenue.
In response to the agency’s short-sings, he said, “While investors need to know more about some of the company’s audit methods, these are not frauds referred to in the shorting report.” “
Aiqiyi’s daily active, monthly active user data is comparable to Tencent video data, and Bernstein analysts can confirm Tencent data based on third-party data.
On the evening of April 7, wolfpack Research released a report on the short-sing sing-it-off, and aichi was quick to respond, strongly denying the false allegations. So far, several industry analysts have expressed similar views.