{"id":167184,"date":"2021-01-29T20:06:41","date_gmt":"2021-01-29T17:06:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/short-seller-andrew-left-says-his-firm-will-drop-the-practice\/"},"modified":"2021-01-29T20:06:41","modified_gmt":"2021-01-29T17:06:41","slug":"short-seller-andrew-left-says-his-firm-will-drop-the-practice","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/short-seller-andrew-left-says-his-firm-will-drop-the-practice\/","title":{"rendered":"#Short-seller Andrew Left says his firm will drop the practice"},"content":{"rendered":"

“#Short-seller Andrew Left says his firm will drop the practice<\/strong>”<\/p>\n

\n

As the craziest short squeeze in stock market history rages on, one of the most outspoken voices in the short-selling world is throwing in the towel.<\/p>\n

Andrew Left, founder and CEO of Citron, announced via a video on social media<\/a> that after 20 years his firm will stop publishing critical research on companies that it believes are overvalued. It will instead focus on more positive reports.<\/p>\n

The move comes one week after Left posted a letter to his website saying he contacted the FBI after being harassed and threatened by traders who were incensed by a Citron report recommending that investors bet on Game<\/a>Stop\u2019s decline.<\/p>\n

Left said in the video that he\u2019s making the switch after realizing that Citron has gone from being \u201cagainst the establishment\u201d to being the establishment.<\/p>\n

\"Citron
Citron CEO Andrew Left said his firm will stop publishing critical research on companies that it believes are overvalued.<\/figcaption>
Patrick T. Fallon\/Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n

\u201cNow, after 20 years, we noticed something,\u201d he explained. \u201cWe started Citron to be against the establishment, we\u2019ve actually become the establishment.\u201d<\/p>\n

\u201cThe Citron narrative is going to have a pivot,\u201d if it wants to get back to its roots, he said. <\/p>\n

Left, 50, has indeed tangled with famous hedgies in the past. His 2015 short report against Valeant called the company \u201cthe pharmaceutical Enron,\u201d and put him in direct conflict with billionaire hedge fund managers Bill Ackman, John Paulson and Ole Andreas Halvorsen of Viking Global.\u00a0<\/p>\n

Those funds lost billions when Valeant stock plummeted 90 percent in the months after Left\u2019s report was published.<\/p>\n

Left didn\u2019t return a request for comment but expressed deeper concerns about Citron\u2019s future in an interview with The Post earlier this week.<\/p>\n

\u201cI\u2019m Dr. Frankenstein,\u201d an exhausted Left told The Post on Wednesday evening as the so-called \u201cReddit Rally\u201d hit its manic peak. \u201cI started this whole short research thing years ago but I never thought my monster would turn on me like this.\u201d\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Short-seller Andrew Left says his firm will drop the practice” As the craziest short squeeze in stock market history rages on, one of the most outspoken voices in the short-selling world is throwing in the towel. Andrew Left, founder and CEO of Citron, announced via a video on social media that after 20 years his…<\/p>\n","protected":false},"author":1,"featured_media":167185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/Andrew_Left_Citron.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[91277,90512,72128,73785,5005,70463,70360],"class_list":["post-167184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-29-21","tag-andrew-left","tag-gamestop","tag-markets","tag-reddit","tag-short-seller","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/167184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=167184"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/167184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/167185"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=167184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=167184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=167184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}