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Hesai Responds to Blue Orca Capital's shorting: The accusations are baseless.
On March 19, Jinshi Data reported that regarding the shorting by the institution Blue Orca Capital, Hesai Technology responded today, stating, "We have followed the report released by the shorting institution Blue Orca Capital. Hesai has always adhered to strict business ethics standards and Compliance requirements. We strongly oppose the allegations in the Blue Orca Capital report and believe they are unfounded." As of the time of publication, Hesai Technology has fallen by 7.8%, trading at $20.56 per share.