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- Andrew Left of Citron Research is discontinuing short-seller research after the GameStop squeeze.
- 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.
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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 trading near the $40 level. On Friday, shares of GameStop briefly traded above $400.
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 stocks for investors, the tweet said. Left has headed Citron Research since the dot-com bubble era and predominantly published short-reports. In recent years, he has been publishing long-sided research as well.
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.
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