BearSignal is forensic short-selling research for institutional investors — built to read the entire U.S. and Hong Kong listed universe and surface the companies whose own numbers cannot all be true.
Ursa is the forensic intelligence layer BearSignal is building to read the entire U.S. and Hong Kong universe, continuously. It is learning to surface the hidden financial contradictions a human analyst would never have time to find — raising gray flags (detected hard contradictions, pending confirmation) for forensic review, not verdicts. The engine reads at scale; analysts confirm; institutions get the research. The methodology behind Ursa is documented openly at BearSignal.ai.
Continuously reads every U.S. and Hong Kong listed company — SEC EDGAR, HKEX filings, ownership records. No watchlist, no sampling.
Raises gray flags where a company's own numbers cannot all be true — detected hard contradictions, pending confirmation, not verdicts.
Every gray flag is reviewed and judged by analysts before any thesis is published. The machine reads at scale; humans confirm.
A selection of active gray-flag files surfaced by the forensic engine — pending analyst confirmation. The full 457 forensic files are open to beta members only — seats are limited. Request a beta invite code → Already have a code? Sign in. New here? See our methodology →
The machine reads at scale; analysts confirm and judge. Every claim is sourced, every contradiction documented, every conclusion auditable — gray flags are surfaced by the engine and reviewed by analysts before any thesis is published.
Continuously reads the entire U.S. and Hong Kong listed universe — SEC EDGAR, HKEX filings, ownership records — surfacing companies whose own numbers cannot all be true. No watchlist, no sampling.
A martingale e-process tests each company for internal financial contradictions — revenue that outruns cash, inventory that defies sales, cash that earns no interest. Gray flags are raised on absolute statistical thresholds, never on rank or opinion.
Every flagged contradiction is anchored to source filings, cross-referenced, and timestamped — investigation files built to withstand regulatory and legal scrutiny.
Beneficial-ownership tracing through VIE structures, offshore vehicles, and related-party networks across ADRs, H-shares, and red chips — mainland subsidiary penetration from corporate registries.
BearSignal covers NYSE, NASDAQ, and HKEX — ADRs, H-shares, red chips, and VIEs across the United States and Greater China. Every name in the listed universe is in scope; the work is in finding the ones whose numbers do not hold together.
BearSignal builds the forensic method; CapitalWatch takes it into the field and publishes. New Horizon Health (HKEX: 06606) was the first case.
Warned first. Vindicated by events. — the case that became BearSignal's blueprint.