From Investing.com: 2024-06-13 16:00:24

Renowned short-selling agency, Citron Research, praises Dogecoin (DOGE) but announces it will no longer short GameStop (NYSE). Citron sends newsletters to customers identifying overvalued companies or fraudulent activities in financial markets. Founder Andrew Left says they respect market irrationality, highlighting Dogecoin’s $20 billion market cap as an example.

GameStop’s first-quarter financial results prompt share price plunge as company plans to issue more shares. Finance and crypto influencers recommend GameStop start buying Bitcoin for corporate treasury. Anthony Scaramucci and Jan3 CEO Samson Mow believe adding Bitcoin to GME’s treasury could lead to significant price movements for both assets.

Read more at Investing.com: Dogecoin (DOGE) Praised by Short-Selling Agency Citron Research, Here’s Important Reason By U.Today