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- Andrew Left of Citron Research stops short-selling research after the GameStop print.
- In a tweet on Friday, Left said: “After 20 years of publication, Citron no longer publishes ‘short reports’.
- Instead, Left will focus its efforts on long-term investment opportunities for individual investors.
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Well-known short seller Andrew Left of Citron Research throws in the towel when it comes to publishing research on short sellers, according to until a tweet Friday.
The move comes after an epic brief push on GameStop fueled by traders driving Reddit’s WallStreetBets shares more than 2,000% higher this year.
Left before the epic boom, left was clumsy at the video game trader, demanding that the stock fall 50% when trading near the $ 40 level. On Friday, GameStop shares briefly traded above $ 400.
Eventually, Left closed its short position in the stock, claiming that an ‘angry mob’ of GameStop investors was harassing him and targeting his family.
“After 20 years of publication, Citron no longer publishes ‘short reports’.” Left it tweeted.
Instead, Left will only focus on publishing lengthy research on individual stocks for investors, the tweet reads. Left has been in charge of Citron Research since the dot-com bubble era and has mainly published short reports. In recent years, he has also published long-running research.
In a video posted on YouTube, Left elaborated on his decision to focus only on long reports from now on.
“After 20 years, we noticed something. Where we started, Citron was supposed to be against the foundation. We actually became the foundation,” Left said, adding that “it has now completely lost its focus.”
Left said Citron will publish a lengthy report this Monday.
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