Short-seller activities can often prove to be a problem for the stock price of most companies and that is what happened with the American Battery Metals Corporation (OTC: ABML) stock this month.
Last week the company stated that videos and reports published by short sellers on March 9 and March 10 were the reasons behind the recent drop in its stock price. The American Battery Metals has dived by as high as 60% from the recent high that it had achieved.
While that may be the case, it should also be remembered that since November last year, the stock is up by as cosmic as 1200%. The company stated that those allegations made by short-sellers were the main reason behind the fall in the stock. In addition to that, American Battery Metals indicated to investors that they should not react to such allegations. It now remains to be seen if the stock can make a recovery following the statement from American Battery Metals.