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CryptoIntelligence 2024-06-13 10:40:00

Citron Research Exits GameStop Short Position Amid Market Irrationality and Cult-Like Shareholder Behavior

Citron Research, a prominent GameStop (GME) short seller, has exited its short position on the stock. The firm cited “the market’s irrationality” and “cult-like” shareholder behavior in its decision, as announced in a June 12 X post: “Citron is no longer short $GME. It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with $5 billion in the bank, they have enough runway to appease their cult-like shareholders.” This move follows a significant rise in GME’s stock price, which soared above $30 after a 22.8% intraday rally on Tuesday. Currently, GME is trading at

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