How much did Citron lose on GameStop?
How much did Citron lose on GameStop?
One of the two major investors that surrendered, Citron Research, acknowledged Wednesday in a YouTube video that it unwound the majority of its bet that GameStop stock would fall. Andrew Left, who runs Citron, said it took “a loss, 100 per cent” to do so, but that does not change his view that GameStop is a loser.
What happened to Citron Research?
Citron Research, which was forced to close out its short position in GameStop amid a frenzy in retail buying, said Friday it will no longer publish short reports and instead will focus on long positions. “After 20 years of publishing Citron will no longer publish ‘short reports’,” the firm said in a tweet.
How much did Andrew left lose on GameStop?
Andrew Left said his Citron Capital fund covered most of its GameStop short positions at a 100% loss. The short-seller warned Reddit traders to pay taxes on their GameStop profits. The video-game retailer’s shares soared another 130% in pre-market trading on Wednesday.
Did Citron really cover?
Citron Research covered majority of GameStop short position in $90s/share. Citron Research said it covered majority of its GameStop (NYSE:GME) short in the $90s/share at loss of 100% , according to youtube video from Citron’s Andrew Left.
What happened to Andrew left?
From Trading in Hong Kong. for Saying China Evergrande. Group Was Insolvent.
How accurate is Citron Research?
That’s the attraction of short selling. Citron Research has a history of publishing accurate and effective reports. According to the WSJ, out of the 111 reports published during the period 2001-2014, there was an average decline of 42% in the year after the report was published.
Is Citron Research legal?
You accept all risks in relying on the information presented in any report. You agree that the information in any Citron research report is copyrighted, and you therefore agree not to distribute this information in any manner without the express prior written consent of the applicable Citron Entity.
What happened to Andrew Left?
What does Citron Research do?
CitronResearch provides internet based services The Company offers online investment newsletter that publishes reports seeking to expose companies that are overvalued and engaged in fraud, as well as tracks record to identify fraud and terminal business models.
Who is Citron Research founder Andrew left?
In 2001, he founded StockLemon.com, now known as Citron Research. According to Left, he has made profits every year since he started short selling. He was a keynote speaker at the 2017 and 2018 Harvard Business School Investment Conference.
Who is Andrew left?
Andrew Edward Left (born July 9, 1970) is an activist short seller, author and editor of the online investment newsletter Citron Research, formerly StockLemon.com.
How long has Citron Research been published?
About Citron research Citron Research has been publishing columns for over 17 years, making it one of the longest-running online stock commentary websites. With over 150 reports, Citron has amassed a track record identifying fraud and terminal business models second to none among any published source.
What is Citron Research’s greatest blunder?
One of the greatest blunders we’ve made over the past 20 years of publishing Citron Research is not realizing the power of Shopify when the stock was $100. At the time it seemed like another overpriced software company that allowed people to perform the simplest of tasks… making websites.
