(Reuters) – Quick-seller Andrew Left, whose firm Citron was one of many hedge fund gamers to spark this week’s battle with small-time merchants over GameStop Corp, mentioned in a YouTube video on Friday that his firm would now not publish short-selling analysis.
“As of immediately, Citron Analysis will now not be publishing what might be thought-about as short-selling reviews. The Citron narrative goes to vary and have a pivot,” Left mentioned within the video. https://www.youtube.com/watch?v=TPoVv7oX3mw
The choice to cease publishing short-selling analysis comes days after Citron deserted its guess towards GameStop after the online game retailer’s worth soared nearly tenfold in a fortnight.
Earlier through the week, Left shorted GameStop when it traded round $40, anticipating it to halve in worth, however was later pressured to cowl Citron’s place.
“Once we began Citron, it was to be towards the institution, however now we have really grow to be the institution,” Left mentioned on Friday.
(Reporting by Niket Nishant and Anirban Sen in Bengaluru, Modifying by Anil D’Silva and Shounak Dasgupta)
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