, Columnist
Short Sellers Like Citron Aren’t the Enemy of Investors
In fact, it’s quite the opposite. They are often a positive influence on the market.
Andrew Left has done a lot of good.
Photographer: Patrick T. Fallon/Bloomberg
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I’ve never looked at a Reddit thread in my life, so I have no idea whether the WallStreetBets crowd is enjoying the news that Citron Research will no longer publish its short-selling reports after 20 years in the business. But assuming they are, they’re fools.
One of the truly mystifying things about the whole GameStop Corp. stock craziness is the way short sellers have become the enemy. One part of the frenzy appears to be anger with Wall Street elites because they all got off the hook after the 2008 financial crisis. But short sellers had nothing to do with the crisis.