MicroStrategy Stock Plummets Amid Citron's Short Position Announcement
TL;DR Summary
MicroStrategy's stock dropped by up to 10% after Citron Research announced it is shorting the company, which has become heavily invested in Bitcoin. This decline reversed a previous 15% gain, although the stock had risen 650% earlier this year.
- MicroStrategy Tumbles After Citron Research Shorts the Stock Bloomberg
- MicroStrategy Stock: Why Shares Are Down After a Citron Research Tweet Barron's
- MicroStrategy stock faces new short bet after stunning rally with bitcoin nearing $100,000 Yahoo Finance
- Short Seller Andrew Left Targets MicroStrategy Stock As Hedge Against Bullish Bitcoin Bet: 'Completely Detached From BTC Fundamentals' Benzinga
- Citron Research discloses short position in bitcoin buyer MicroStrategy Reuters
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