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- Andrew Left of Citron Research is discontinuing short sales research after the GameStop squeeze.
- In a tweet on Friday, Left said: “After 20 years of publication, Citron will no longer publish ‘short reports’.
- Instead, Left will focus its efforts on long-term investment opportunities for individual investors.
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Famous short seller Andrew Left of Citron Research is throwing in the towel when it comes to publishing short-sellers research, according to for a tweet on Friday.
The move comes after an epic squeeze on GameStop powered by traders who frequent Reddit’s WallStreetBets boosted stocks by more than 2,000% this year.
The left was pessimistic at the video game retailer before the epic rise, predicting that the stock would drop 50% when it was trading close to the $ 40 level. On Friday, GameStop’s shares were briefly traded above $ 400.
Ultimately, Left closed his short position in shares and claimed that a “furious crowd” of GameStop investors harassed and targeted his family.
“After 20 years of publication, Citron will no longer publish ‘short reports’.” Left tweeted.
Instead, Left will focus only on publishing lengthy research on individual stocks for investors, the tweet said. Left has led Citron Research since the dot-com bubble era and published predominantly small reports. In recent years, he has also published far-reaching research.
In a video posted on YouTube, Left expanded its decision to focus exclusively on long reports going forward.
“After 20 years, we realized something. Where we started, Citron should be against the establishment. In fact we have become the establishment,” said Left, adding that “it has now completely lost focus.”
Left said Citron will publish a long report on Monday.
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