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Citron to stop publishing short-selling research, says Left

Published 01/29/2021, 09:33 AM
Updated 01/29/2021, 09:40 AM
© Reuters. Andrew Left, the founder of Citron Research, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York

© Reuters. Andrew Left, the founder of Citron Research, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York

(Reuters) - Short-seller Andrew Left, whose company Citron was one of the hedge fund players to spark this week's battle with small-time traders over GameStop Corp (NYSE:GME), said in a YouTube video on Friday that his company would no longer publish short-selling research.

"As of today, Citron Research will no longer be publishing what can be considered as short-selling reports. The Citron narrative is going to change and have a pivot," Left said in the video. https://www.youtube.com/watch?v=TPoVv7oX3mw

The decision to stop publishing short-selling research comes days after Citron abandoned its bet against GameStop after the video game retailer's value soared almost tenfold in a fortnight.

Earlier during the week, Left shorted GameStop when it traded around $40, expecting it to halve in value, but was later forced to cover Citron's position.

© Reuters. Andrew Left, the founder of Citron Research, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York

"When we started Citron, it was to be against the establishment, but now we've actually become the establishment," Left said on Friday.

 

Latest comments

he's done!
This doesnt mean they wont short stuff still...
citron can close buisness already
LMFAO
Since when, Shorting is a FRAUD??? ****the things you have to read this days.
Short selling is not fraud, contractually its just borrowing someone elses shares and returning them later. You just have to be willing to take the risk. Small day traders have been short selling for years to, and it adds to the process of price discovery.
LOL. why Im so happy read this article.  KARMA is REAL !!!
Burn those frauds.
They use the media to manipulate stocks. When average person use social media to do the same thing, they ban you.
if you believe him.. that's on you..
just bet against their report ,weall should be fine.
No, you have not become the establishment.  You have become terminators of disruptive, innovative companies for your profiteering, at all costs to individual investors and the companies you seek to destroy, while getting rich as you destroy them.  The world would be a better place if you and Citron did not exists to destroy for your profit.
Gamestop is innovative and disruptive? Lmao, do you even hear yourself?
  Short sellers are c++unts like yourself so ST+FU.
gl mate
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