Fisker inventory up 5%, recouping before losses just after shorter-seller report

Fisker Inc.
FSR,
+4.23%
stock is poised to end the week in the black, up 3% on Friday following losses of far more than 5% in the prior session soon after shorter-seller Fuzzy Panda reported the electrical-automobile maker experienced a “historical past of lies,” primarily alleging that Fisker’s income was tied up and about to run out. Fisker responded to the report late Thursday, stating it despatched the limited-seller a stop-and-desist letter that Fuzzy Panda’s evaluation contained “quite a few bogus and deceptive allegations about Fisker’s organization operations” and the connection with producing partner Magna International Inc.
MGA,
-.49%
Fisker’s weekly gains tally up to 2%. The inventory is down 51% for the calendar year, compared with losses of all over 15% for the S&P 500 index.
SPX,
-.12%