March 2026 Monthly Activist Short Selling Report
Activ8 Insights
March 2026
Activist Short Selling Performance Report
Every month, we track the stock price performance of companies that activist short sellers have publicly reported on, then compile the results into a comprehensive monthly report. Each month we also crown a Short King of the Month, the firm whose campaign delivered the strongest, most actionable result for retail traders.
14
Campaigns
-14.6%
Avg. Return
71.4%
Success Rate
Activist short sellers posted a strong March, with asset management and biotech taking the hardest hits. Citron Research's campaign against VCX produced a 70.6% collapse in five days, though the fund was not shortable for most retail investors. Fugazi Research takes Short King honors with two clean, fully shortable wins averaging -36.1%.
This Month's Highlights
| VCX | Citron Research | -70.6% |
| CDIO | Fugazi Research | -55.7% |
| ADMA | Culper Research | -32.6% |
| KINV-B.ST | Ningi Research | -17.2% |
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