The Economic Times News

1 crore shares under auction! After Groww, now Meesho short sellers trapped in 100% stock rally

Short sellers in newly listed Meesho were caught off guard as a sharp 100%+ post-listing rally pushed over one crore shares into the exchange auction. With just 6% free float and limited supply, bears failed to deliver stock on settlementunderscoring the growing risks of shorting momentum-driven, low-float IPOs.