Viceroy Research, a firm known for its aggressive investigative approach to short-selling, has published a new report targeting Blue Moon Metals. Titled 'The Houdini Files,' the report continues the firm's pattern of challenging corporate narratives through forensic analysis of public filings and operational data. While the specific allegations within the report are currently being digested by the market, the publication follows a broader trend observed throughout 2026, where activist short sellers have increased their output, with 91 major public campaigns recorded in the first half of the year alone. The Forensic Ledger notes that Viceroy’s recent activity, including its high-profile campaign against Abaxx, demonstrates a continued reliance on regulatory engagement—specifically, writing letters to oversight bodies like the OSC and CIRO—to amplify the impact of their research. Investors should monitor whether Blue Moon Metals provides a detailed, line-by-line rebuttal to the specific claims in 'The Houdini Files,' as the market's initial reaction to such reports has become increasingly volatile. Historical data suggests that while many companies attempt to shrug off these attacks, the long-term viability of the target often depends on the transparency of their response to the specific forensic questions raised by the short seller. ## Sources - Phalanx — Activist short seller database tracking recent publications, November 2, 2026. - Breakout Point — Analysis of H1 2026 activist short selling trends and Viceroy Research's methodology, July 3, 2026.
Original reporting by Viceroy Research. This article is desk analysis prepared by The Forensic Ledger from publicly available sources, summarized with citation to the original.
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