tldrdailynews.com logo

MicroStrategy Stock Plummets Amid Citron's Short Position Announcement

1 min read
Source: Bloomberg
MicroStrategy Stock Plummets Amid Citron's Short Position Announcement
Photo: Bloomberg
TL;DR

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.

Topics:businessfinance#bitcoin#citron-research#finance#investment#microstrategy#stock-market
Share this article
  1. MicroStrategy Tumbles After Citron Research Shorts the Stock  Bloomberg
  2. MicroStrategy Stock: Why Shares Are Down After a Citron Research Tweet  Barron's
  3. MicroStrategy stock faces new short bet after stunning rally with bitcoin nearing $100,000  Yahoo Finance
  4. Short Seller Andrew Left Targets MicroStrategy Stock As Hedge Against Bullish Bitcoin Bet: 'Completely Detached From BTC Fundamentals'  Benzinga
  5. Citron Research discloses short position in bitcoin buyer MicroStrategy  Reuters

Want the full story? Read the original reporting

Read on Bloomberg