GSX Techedu Stock Is Unexpectedly Rising Today

Shares of GSX Techedu (NYSE: GSX) are rising today. As of 12:00 p.m. EDT, the stock was trading 9% higher. And it's appreciated almost 25% since May 21 -- just a couple days after influential short-seller Muddy Waters revealed a short position in the stock.

Today, another research firm called Grizzly Research announced that it believes most of GSX Techedu's students are fake, consistent with Muddy Waters' report. However, Wall Street is inexplicably shrugging off this news, with shares rising for the session.

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Source Fool.com