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Short-seller Kerrisdale to target Dish Network


A field service specialist for Dish Network installs a satellite television system at a residence.
Matthew Staver | Bloomberg | Getty Images
A field service specialist for Dish Network installs a satellite television system at a residence.

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Kerrisdale Capital will target Dish Network with its new single-stock short fund, a source familiar with the situation told CNBC Thursday.

The investment firm recently raised $100 million in a new "co-investment fund" to bet against a single stock, according to a Reuters report.

The official Kerrisdale Twitter account Thursday stated the targeted company is "worth 60 percent to 80 percent" less than current prices and the report is "weeks away from actual publication."

Sahm Adrangi, Kerrisdale's chief investment officer, declined to comment.

A Dish Network spokesman issued a statement to CNBC when asked about the Kerrisdale report:


"We understand Kerrisdale is shopping a negative report on DISH and has shorted our stock in an attempt to make a short-term gain while DISH is in an FCC-mandated quiet period. We will continue to manage the business for the long-term benefit of our shareholders as we have done over the last 35 years."

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