By Pranav Kashyap and Medha Singh
(Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company.
“It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult like shareholders,” Citron said in the tweet.
Andrew Left, Citron Research’s founder, had said last week he was again betting against GameStop, although his position was “significantly lower” from 2021 when he was forced to close his position after retail traders banded together in online forums and drove an eye popping rally in the stock, squeezing hedge funds.
Left told Reuters he would short GameStop again if the stock reached a $45-$50 level. He said Citron closed the short position at a…
