Reported 4 months ago
Citron Research's founder Andrew Left is once again betting against GameStop, a favorite among retail investors, three years after being squeezed by the surge in 2021. Left closed his short position in GameStop at a loss in 2021 when retail traders drove rallies, costing bearish investors billions. Left, known for short selling, mentioned that he is less exposed this time and believes that GameStop's financials have deteriorated, making it a good short. Despite staying less vocal, he has continued to short stocks. GameStop shares fell 5.9% after a recent surge involving Keith Gill, a key figure in the 2021 meme stocks frenzy.
Source: YAHOO