Safety Shot Claps Back At Short Sellers: 'Trying Safety Shot Is Believing In Safety Shot'

Safety Shot Inc SHOT has issued a warning to shareholders following a short report that sparked a selloff in shares Wednesday. 

What To Know: Safety Shot shares are tumbling Wednesday following a short report from Capybara Research. The short seller makes claims about the company's founders and questions the legitimacy of Safety Shot's flagship product. 

The company responded to the short report Wednesday afternoon, calling the information malicious, defamatory and inaccurate. Safety Shot also highlighted lawsuits filed against Capybara Research regarding potentially fraudulent articles published about other companies. The beverage company said it also plans to take legal action against the short seller.

"I encourage anyone, including the people writing these defamatory articles, to come to one of our events or to our corporate offices in Jupiter, Florida to test Safety Shot for themselves. I also encourage all investors to do their own due diligence on our product and our Company," said Brian John, CEO of Safety Shot.  

"I have personally given Safety Shot to thousands of people now and get the same response from everyone, they can't believe it works. This is why we do and will continue to do events all over because trying Safety Shot is believing in Safety Shot."

Safety Shot is a wellness and functional beverage company. Its Safety Shot beverage, which aims to help people feel better faster by reducing blood alcohol content and boosting clarity, is set to launch during the first week of December. 

SHOT Price Action: Safety Shot shares were trading off the lows, but still down 23.6% at $3.66 at the time of writing, according to Benzinga Pro. Despite Wednesday's losses, the stock is up approximately 460% year-to-date. 

Photo: Dennis Young from Pixabay.