Kerrisdale Capital says short Everspin Technologies

Kerrisdale Capital said in a new research note that the firm is short shares of Everspin Technologies (MRAM), a $900M niche industrial memory chipmaker whose stock has soared 300% in a matter of weeks as speculative investors “who seemingly can’t tell the difference between MRAM, DRAM, or a Dodge Ram pile into anything remotely associated with ‘memory’ and AI.”