GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today refuted the false allegations in Muddy Waters By analyzing the available data, Muddy Waters … All reports are for informational purposes only. They said that a former GSX manager verified their analysis, and … You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to this website or the material on this website must be filed within one (1) year after the occurrence of the alleged harm that gave rise to such claim or cause of action, or such claim or cause of action be forever barred. Muddy Waters Research is affiliated with Muddy Waters Capital. Muddy Waters’ report came weeks after Citron Research called GSX “ the most blatant Chinese stock fraud since 2011.” Citron accused … Giving investment advice requires knowledge of your financial situation, investment objectives, and risk tolerance, and Muddy Waters Capital has no such knowledge about you. The opinions, information and reports set forth herein are solely attributable to the applicable Muddy Waters Entity and are not attributable to any Muddy Waters Related Person (defined below) (other than the applicable Muddy Waters Entity). Muddy Waters Research is an online research publication that produces due diligence-based reports on publicly traded securities, and Muddy Waters Capital LLC is an investment adviser registered with the … GSX, the online education firm that Muddy Waters called out in May, soared more than 200% through August before paring some of its gains. Muddy Waters Research is an online research publication that produces due diligence-based reports on publicly traded securities, and Muddy Waters Capital LLC is an investment adviser registered with the … Copyright © 2020 Muddy Waters Research, All Rights Reserved. Neither Muddy Waters Research nor Muddy Waters Capital will update any report or information on its website to reflect changes in positions that may be held by a Muddy Waters Related Person. You agree that use of the research on this website is at your own risk. We downloaded GSX’s data from more than 200 paid K-12 classes covering 54,065 unique users. TAL Education has almost doubled since … Further, any report on this site contains a very large measure of analysis and opinion. Sign up for our mailing list and receive research reports and other related news and updates from Muddy Waters Research. Reports are based on generally available information, field research, inferences and deductions through the applicable Muddy Waters Entity’s due diligence and analytical process. Muddy Waters vowed to “show more GSX fraud” soon. Muddy Waters Research, Muddy Waters Capital and/or the Muddy Waters Related Persons intend to continue transacting in the securities of Covered Issuers for an indefinite period after an initial report on a Covered Person, and such person may be long, short, or neutral at any time hereafter regardless of their initial position and views as stated in the research report published by Muddy Waters Research or Muddy Waters Capital. The … GSX data by YCharts. You further agree to do your own research and due diligence before making any investment decision with respect to securities of the issuers covered herein (each, a “Covered Issuer”) or any other financial instruments that reference the Covered Issuer or any securities issued by the Covered Issuer. You (or any person you are acting as agent for) agree to hold harmless Muddy Waters Research, Muddy Waters Capital and its affiliates and related parties, including, but not limited to any principals, officers, directors, employees, members, clients, investors, consultants and agents (collectively, the “Muddy Waters Related Persons”) for any direct or indirect losses (including trading losses) attributable to any information on this website or in a research report. Regardless of how one cuts it though, GSX is an almost completely empty box. Copyright © 2020 Muddy Waters Research, All Rights Reserved. Despite their recent swoon, the … Under no circumstances should any of these reports or any information herein be construed as investment advice, or as an offer to sell or the solicitation of an offer to buy any securities or other financial instruments. With respect to their respective research reports, Muddy Waters Research and Muddy Waters Capital makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. However, such information is presented “as is,” without warranty of any kind, whether express or implied. We are short GSX because we conclude that it is a near-total fraud. To the best of the applicable Muddy Waters Entity’s ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that the applicable Muddy Waters Entity believe to be accurate and reliable, and who are not insiders or connected persons of the Covered Issuers or who may otherwise owe a fiduciary duty, duty of confidentiality or any other duty to the Covered Issuer (directly or indirectly). The failure of Muddy Waters Research or Muddy Waters Capital to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of this right or provision. New York-listed GSX fell 7.4 per cent lower at US$32.84 in New York overnight, after earlier plunging by as much as 16 per cent following the release of the short report on Monday. Previously, GSX stated that the short report is confused and full of ignorance about its business. We also conclude that GSX greatly understates expenses. GSX Refutes Muddy Waters Research's Follow Up Report GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in … You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link: https://www.muddywatersresearch.com/research/. Based on the near total faking of users, we assume that the fraudulent portion of GSX’s revenue is at least equal to the percentage of fraudulent users, although it would not surprise us if the ASP on the real portion of GSX’s business is fraudulently inflated too. Sorry, your blog cannot share posts by email. The Company respects Muddy Waters' efforts. You accept all risks in relying on the information on this website. We detailed three behaviors we were highly confident evidenced widespread bot usage: “Precise Joiners”, “GSX… more, We are short GSX because we conclude that it is a near-total fraud. GSX, the online education firm that Muddy Waters called out in May, soared more than 200 per cent through August before paring some of its gains. On May 20, Muddy Waters tweeted in response to GSX. However, after analyzing the report, the Company believes that Muddy Waters lacks a basic understanding of GSX's operations. Not financial advice. GSX has said Muddy Waters doesn’t understand its business model. On May 18, research firm Muddy Waters told the world it was short GSX Techedu stock. The king of shorting fraudulent Chinese firms, MW, has joined the chorus of about 4-5 other firms singing the same tune … 18, Research firm Muddy Waters told the world it was short GSX because we that! … Further, any report on this website All risks in relying on the on. 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