Citron Research No Longer Shorting GameStop, Shares Up 3.38%

Jun 12, 2024, 12:04 PM

Citron Research has announced that it is no longer shorting GameStop (GME). This decision comes despite Citron's skepticism about a turnaround in the company's fundamentals. Citron cited GameStop's $5 billion in the bank, raised through at-the-market offerings, as a significant factor in their decision. Following the announcement, GameStop shares rose by 3.38% in pre-market trading and were up 2.5% premarket.