Well, it looks like Roaring Kitty has taken a 2-0 lead on Citron Research and Andrew Left. Back in 2021, Citron shorted GameStop (NYSE: GME ) amid the meme stock craze propelled by Kitty, whose real name is Keith Gill. The short seller ended up taking a 100% loss on his position as GME squeezed higher in historic fashion.

Upon Gill’s return in May, Citron resumed its GameStop short , only to close it and then reopen it the following month. “The first time, three-and-a-half-years ago, (GameStop) was a cultural phenomenon, and that’s played out by now,” said Left. “The company has deteriorating financials and is a good short.

” Now, Citron has closed its short yet again, citing the company’s heightened cash balance from its recent at-the-market offerings. GME Stock: Citron Closes Short Position Citron added that he respects the market’s irrationality, citing that Dogecoin ( DOGE-USD ) currently has a $20 billion market capitalization despite its lack of fundamental value. He also noted that he would remain on the sidelines with GME “for now.

” GameStop’s surge has allowed the company to raise billions of dollars in cash. It announced an up to 45 million share offering on May 17 and another up to 75 million share offering on June 7. The company maxed out both of these offerings, raising a total of $3.

07 billion, while its cash, cash equivalents and marketable securities totaled $1.08 billion as of May 4. Now, the video game retailer has over $4 billion of cas.