GameStop short seller Citron Research says it will no longer short GameStop
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.
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.
You may also like
CandyBomb x DGAI: Trade to share 60,000 USDT
CandyBomb x DEBIT: Trade to share 45,000 USDT
Bitget Will Support the BounceBit (BB) Contract Swap
Hold USDGO for dual perks, earn up to 30%+ APR!
Crypto prices
More
