Shares of Taser TASR were selling off Wednesday afternoon, after rumors surfaced of a possible short by Jana Partners.
In their Q3 performance report, Jana noted its list of 10 shorts, saying one of them is "a provider of body cameras that we think has much more limited potential than consensus expectations."
Though they never mention Taser by name, that was the immediate assumption by Wall Street. Taser, which opened the day at $21.42 and reached a daily high of $21.97 by late morning, saw its share fall in the afternoon, reaching a low of $20.27 at 2:45 and hovering around between $20.40-$20.80 the rest of the trading session.
They also indirectly referred to several other shorts, including "a media company that we believe is at risk of being marginalized in a world of skinnier cable bundles," and "a clothing retailer that we believe faces a competitive threat from the trend toward fast fashion."
Jana added that six of their 10 most profitable positions were on the short side.
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