{"id":3276,"date":"2026-04-20T21:03:48","date_gmt":"2026-04-20T21:03:48","guid":{"rendered":"https:\/\/digitalmarkettrends.com\/index.php\/2026\/04\/20\/why-poet-stock-is-soaring-despite-short-seller-report\/"},"modified":"2026-04-20T21:03:48","modified_gmt":"2026-04-20T21:03:48","slug":"why-poet-stock-is-soaring-despite-short-seller-report","status":"publish","type":"post","link":"https:\/\/digitalmarkettrends.com\/index.php\/2026\/04\/20\/why-poet-stock-is-soaring-despite-short-seller-report\/","title":{"rendered":"Why POET stock is soaring despite short-seller report?"},"content":{"rendered":"
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POET Technologies (NASDAQ: POET) is ripping higher this morning after responding swiftly to a short-seller report that alleged it\u2019s an \u201cobvious stock promote\u201d designed to enrich insiders while leaving retail investors with a \u201ctax nightmare.\u201d<\/p>\n

According to Wolfpack Research<\/a> \u2013 the firm behind the hit piece \u2013 POET\u2019s financial structure will trigger severe IRS penalties for US shareholders due to its status as a Passive Foreign Investment Company (PFIC).<\/p>\n

Plus, the report accused POET of paying \u201cinfluencers\u201d nearly $100,000 to tout its stock and argued the company has continuously pivoted its business model with negligible revenue to show for it.<\/p>\n

Still, including today\u2019s gains, POET Technologies shares are up some 80% versus their year-to-date low.<\/p>\n

Why management\u2019s response helped POET stock rally<\/h2>\n

Investors are cheering POET stock on Apr. 20 because the firm\u2019s management didn\u2019t just deny the allegations \u2013 they actually provided a structural solution as well.<\/p>\n

To alleviate concerns regarding the dreaded PFIC status, the company revealed its formal intention to redomicile in the US, effectively eliminating the foreign corporation tag that underpins this risk.<\/p>\n

Additionally, CFO Thomas Mika clarified that POET Technologies will provide the necessary data for shareholders to make a \u201cQualified Electing Fund\u201d (QEF) election for the 2025 tax year.<\/p>\n

This will significantly mitigate potential adverse tax consequences.<\/p>\n

All in all, POET\u2019s proactive stance has effectively neutralized the IRS nightmare narrative, shifting investor focus back to the company\u2019s technological milestones.<\/p>\n

The bull case for POET Technologies shares<\/h2>\n

Despite Wolfpack allegations, POET Technologies stock may be worth owning into strength today \u2013 at least for risk-tolerant long-term investors.<\/p>\n

While the short-seller highlighted a lack of historical revenue, it arguably ignored the \u201cforward-looking\u201d nature of the semiconductor industry.<\/p>\n

POET is currently transitioning from a pure R&D play to a commercial entity, recently securing a $5 million production order and boasting a cash reserve of over $430 million.<\/p>\n

Meanwhile, the partnerships with heavyweights like Foxconn and Mitsubishi suggest that POET\u2019s \u201cOptical Interposer\u201d technology is already receiving validation from industry leaders.<\/p>\n

In summary, today\u2019s price action suggests the market views Wolfpack’s report as a \u201cbear raid\u201d on a company that has finally de-risked its balance sheet and tax profile.<\/p>\n

Where options data suggests POET is headed next<\/h2>\n

Even from a technical perspective, POET shares look poised for continued momentum ahead.<\/p>\n

The stock has decisively broken above its major moving averages (MAs), with a relative strength index (RSI) in the late 60s indicating it hasn\u2019t yet stepped into the \u201coverbought\u201d territory.<\/p>\n

Additionally, the put-to-call ratio on options contracts expiring mid-July sits at 0.09 only, signaling a strong bullish skew \u2013 with the upper price on those contracts<\/a> indicating potential upside to $11.65.<\/p>\n

At POET\u2019s annual meeting on June 26th<\/sup>, all eyes will now be on the formal vote to redomicile \u2013 a move that may prove the final catalyst for it to shed the lingering speculative label for good.<\/p>\n

The post Why POET stock is soaring despite short-seller report?<\/a> appeared first on Invezz<\/a><\/p>\n

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POET Technologies (NASDAQ: POET) is ripping higher this morning after responding swiftly to a short-seller report that alleged it\u2019s an \u201cobvious stock promote\u201d designed to enrich insiders while leaving retail investors with a \u201ctax nightmare.\u201d According to Wolfpack Research \u2013 the firm behind the hit piece \u2013 POET\u2019s financial structure will trigger severe IRS penalties […]<\/p>\n","protected":false},"author":1,"featured_media":3277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts\/3276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/comments?post=3276"}],"version-history":[{"count":0,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/posts\/3276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/media\/3277"}],"wp:attachment":[{"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/media?parent=3276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/categories?post=3276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalmarkettrends.com\/index.php\/wp-json\/wp\/v2\/tags?post=3276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}