Name: Citron Research, short seller caught up in GameStop squeeze, pivoting to finding long opportunities
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Citron Research, short seller caught up in GameStop squeeze, pivoting to finding long opportunities

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Key PointsIn this articleCitron Research, which was forced to close out its short position in 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.&nbsp;"We will focus on giving long side multibagger opportunities for individual investors."a day agoShort seller and Citron Research founder Andrew Left said earlier this week that after speculative retail traders drove up GameStop's stock, he covered the majority of his short position in the video game retailer at a loss. He previously said GameStop will fall back to $20 a share "fast" and called out attacks from the "angry mob" that owns the stock.Reddit rebellion pressures how hedge funds do business"20 years ago I started Citron with the intention of protecting the individual against Wall Street, against the frauds and the stock promotions were just all over," Left said in a YouTube video on Friday. "Where we started Citron was supposed to be against the establishment, we've actually become the establishment.""So as of today, Citron Research will no longer be publishing what can be considered as short selling reports," Left added. He said the firm will now focus on long opportunities for investors.In 2020, the performance of the Citron fund showed its long recommendations were up an average of 121% from the recommendation date to the high point of a stock, Left said.Subscribe to for exclusive insights and analysis, and live business day programming from around the world.

Key PointsIn this articleCitron Research, which was forced to close out its short position in 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.&nbsp;"We will focus on giving long side multibagger opportunities for individual investors."a day agoShort seller and Citron Research founder Andrew Left said earlier this week that after speculative retail traders drove up GameStop's stock, he covered the majority of his...

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Citron Research, short seller caught up in GameStop squeeze, pivoting to finding long opportunities

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