Citron Research closes GameStop short position

Reported 10 months ago

Citron Research, led by Andrew Left, has disclosed the closure of their short position in GameStop due to the company's sufficient cash reserves, with Left indicating a potential short at a $45-$50 stock price level. GameStop recently raised gross proceeds from stock sales and plans to use the capital for corporate purposes. The company's stock rose in premarket trading following a decline since the return of 'Roaring Kitty' Keith Gill, who sparked the meme stock rally. GameStop has seen a 70% gain since mid-May despite a recent 34% decline.

Source: YAHOO

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