In duel with small investors over GameStop, big funds blink

In duel with small investors over GameStop, big funds blink

Jeff Roberson/Associated Press file

Two hedge funds are bowing out of their short positions on the money-losing video game retailer, GameStop. Citron Research’s Andrew Left said in a video posted on YouTube that his company is going to become more judicious in shorting stocks. Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss.

In duel with small investors over GameStop, big funds blink

Jeff Roberson/Associated Press file

Two hedge funds are bowing out of their short positions on the money-losing video game retailer, GameStop. Citron Research’s Andrew Left said in a video posted on YouTube that his company is going to become more judicious in shorting stocks. Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss.