Citron Research's Andrew Left says he is shorting GameStop again after his 2021 short flopped

By Louis Goss

Citron Research founder Andrew Left, whose fund took a 100% loss on a GameStop short during the squeeze in 2021, has said he has started shorting the meme-stock again.

Left told Benzinga he started going short on GameStop (GME) this week again after shares in the company surged on excitement over a series of cryptic posts on the social media platform X, formerly Twitter, by investor Keith Gill, who is better known by his pseudonym Roaring Kitty.

"It's always a good opportunity," Left reportedly told the publication, as he noted his bets against GameStop this week are much smaller than those he took out against video game seller in 2021.

"By no means, no trader out there would be laying into GameStop," the investor, who was previously a central figure in the GameStop short-squeeze, said.

Left was previously vocal about his push to short GameStop during the 2021 short-squeeze that saw top hedge funds including Melvin Capital lose billions trading against retail investors from the subreddit WallStreetBets.

On January 27, 2021, Left later appeared in a YouTube video, in which he said his hedge fund had "covered the majority of the short in the $90s/ share, at a loss, 100%."

Speaking to Benzinga, Left also mocked Roaring Kitty, as he suggested the world's biggest hedge funds still continuing to thrive, even if market dynamics have shifted.

"The big guys are still doing okay," Left said, as he noted Melvin Capital founder Gabe Plotkin now owns the Charlotte Hornets NBA team while Point72 founder Steve Cohen owns the New York Mets baseball team.

"I don't know what boo boo kitty owns," Left added.

-Louis Goss

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05-17-24 0435ET

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