Bleecker Street Research Discloses Short Position in Roblox
RBLX sits 57% above its 52-week low of $33.88 on light trading volume (0.1× avg).
Summary
Bleecker Street Research announced it is short Roblox, a fresh bearish call from a known short-selling firm. The timing is rough: Roblox is still reeling from its July 30 Q2 report, when bookings missed at $1.56B and Q3 guidance pointed to a 14-18% bookings decline, sending shares down nearly 30% in a single day. The stock has also faced a Los Angeles Superior Court judge's September 24 refusal to dismiss the county's lawsuit over platform safety. A short call on top of that backdrop adds another negative voice, though the headline gives no thesis, target, or position size, so the actual substance is thin until Bleecker publishes details.
At the time of this announcement, RBLX was trading at $53.08 on NYSE in the Technology sector, with a market capitalization of approximately $37.9B. The 52-week trading range was $33.88 to $134.67. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.