Citron Research says it will stop publishing short-seller research after the GameStop squeeze
Andrew Leftof Citron Researchis discontinuing short-seller research after the GameStopsqueeze.
- In a tweet on Friday, Left said, "After 20 years of publishing Citron will no longer publish 'short reports".
- Instead, Left will focus his efforts on long-only investment opportunities for individual investors.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Famed short-seller Andrew Left of Citron Research is throwing in the towel when it comes to publishing short-seller research, according to a tweet on Friday.
The move comes after an epic short-squeeze in GameStop fueled by traders who frequent Reddit's WallStreetBets propelled shares higher by more than 2,000% this year.
Left had been bearish on the video-game retailer prior to the epic surge, calling for the stock to fall 50% when it was
Ultimately, Left closed out his short position in the stock and alleged that an "angry mob" of GameStop investors harassed him and targeted his family.
"After 20 years of publishing Citron will no longer publish 'short reports'." Left tweeted.
Instead, Left will solely focus on publishing long-only research on individual
In a video posted to YouTube, Left expanded upon his decision to solely focus on long reports going forward.
"After 20 years, we noticed something. Where we started Citron was supposed to be against the establishment. We've actually become the establishment," Left said, adding that "its completely now lost its focus."
Left said Citron will publish a long report this Monday.
- Ethereum may offer the best returns, but investors have been pulling away over the last two weeks
- Google starts starts testing new safety section for apps, feature to go live in February 2022
- Horlicks and Boost maker HUL sees slowdown in food segment in the last three months
- Researchers develop AI-based algorithm that can detect unseen signs of heart failure
- Zoho adds features that can turn a video call into remote assistance for repairing cars, appliances and more