Reported about 1 year ago
Citron Research, a short seller, has closed its short position in GameStop, stating that it no longer has a short position on the stock and respecting the market's irrationality despite not being bullish on the company’s fundamentals. Despite GameStop impressing investors with its cash balance, Citron remains on the sidelines for now, while prominent market influencer Keith Gill continues to express conviction in GameStop’s value and CEO Ryan Cohen’s vision. GameStop has sold shares to raise cash, but analysts express disappointment at the lack of initiatives to boost revenue.
Source: YAHOO