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Citron Bearish on Tesla, but Stock Holds Firm

Published 12/27/2019, 11:55 AM
Updated 12/27/2019, 11:56 AM
© Reuters.

Investing.com – Shares of Tesla (NASDAQ:TSLA) shrugged off analyst pessimism in midday trade Friday after short-seller Citron came out with a cautious near-term view of the stock.

Tesla (NASDAQ:TSLA) rose 0.3%.

“Citron took A LOT of criticism for change of heart on $TSLA,” it tweeted. “Short interest now at all-time lows. Capitulation has created a ‘too much too fast’ stock.”

“Short term risk/reward now skewed to downside,” Citron added. “Much respect to (CEO Elon) Musk but we are buyers 100 pts lower.”

Shares have nearly doubled in the last six months.

Latest comments

Citron has been short on Tesla since it was in the early 200s. I guess they haven’t had enough of getting their ***short-squeezed.
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