The announcement comes shortly after GME stock rose above the $30 mark.
Citron Research, one of the most prominent GameStop short sellers, is no longer short on GameStop (GME) stock.
The popular short seller closed its GME short position concerning “the market’s irrationality” and “cult-like” shareholder behavior, Citron Research announced in a June 12 X post:
The announcement comes shortly after GME stock price rose above the $30 mark, following a 22.8% intraday rally on Tuesday. GME is currently trading at $30.49, up 3.3% in pre-market trading, according to Google Finance data.
