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GameStop short seller Citron Research says it will no longer short GameStop

CointimeCointime2024/06/12 13:16
By:Cointime

Citron Research, the short seller of GameStop, announced that Citron will no longer short GME. The reason is not because it believes that the company's fundamentals will improve, but because GameStop currently has a cash reserve of $5 billion, which is enough to appease its passionate shareholders and respect the market's irrationality. After the news was released, GME's stock price rose to $30.49, up 1.21% in pre-market trading, following a 22.8% rise during Tuesday's trading.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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