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Short-seller Andrew Left, whose company Citron was one of the hedge funds to spark this week’s battle with small-time traders over GameStop Corp, said in a YouTube video on Friday that his company would no longer publish short-selling research.
The latest twist in a saga that has sent shock waves through Wall Street as amateur investors pile into heavily-shorted stocks like GameStop and AMC Entertainment Holdings Inc., the move is a major change of course for one of world’s best known short-sellers.
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Publishing date: Jan 29, 2021 • January 29, 2021 • 2 minute read •
Article content
Short-seller Andrew Left, whose company Citron was one of the hedge funds to spark this week’s battle with small-time traders over GameStop Corp, said in a YouTube video on Friday that his company would no longer publish short-selling research.
The latest twist in a saga that has sent shock waves through Wall Street as amateur investors pile into heavily-shorted stocks like GameStop and AMC Entertainment Holdings Inc, the move is a major change of course for one of world’s best known short-sellers.
We apologize, but this video has failed to load.
Short-seller Andrew Left does not usually smoke. But on Monday he had a cigarette to calm his nerves as shares of GameStop Corp, the stock he had shorted, continued to rocket higher.
Making money by betting a company s shares will sink in value has become more challenging in recent weeks as markets rocketed higher and a growing wave of investors became ready to take on short. | February 7, 2021
Updated / Thursday, 28 Jan 2021
12:13
GameStop s stocks has soared more than 1,774% in recent weeks
Making money by betting a company s shares will sink in value has become more challenging in recent weeks as markets rocketed higher and a growing wave of investors became ready to take on short sellers at almost any cost.
Short sellers are contrarian investors who bet against rising stocks, such as Jim Chanos Kynikos Associates, Carson Block s Muddy Waters Research and Andrew Left s Citron Capital.
They have been called accurate forecasters of stock market returns by academics and market manipulators by critics.
This week, they have stepped into the limelight as bets against stocks including GameStop, AMC Entertainment Holdings and BlackBerry crumbled in the face of huge demand from retail investors and algorithmic traders.