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Citron Research Accuses Roaring Kitty of Manipulation in $180M $GME Trade

Jun 3, 2024, 08:35 PM

Citron Research has raised concerns about the recent trading activities of Keith Gill, also known as Roaring Kitty, particularly his substantial $180M $GME position. Citron alleges that Gill's significant near-term option position and large account appear more like market manipulation without a solid thesis. They also suggest that Gill might have financial backing, as his reported finances do not support such a large trade. The stock price of GameStop ($GME) has surged 2,000% since Gill's initial video almost four years ago. Citron's accusations imply that investors may see through what they call the 'Roaring Icarus.'