The Blubber

Citron Research's Andrew Left has said he is short GameStop. $GME, again.

Left, one of Wall Street's most vocal GameStop short-sellers, announced he would close out a remaining small position in the company. "Covered the majority of the short in the $90s at a loss of 100%," he said in a YouTube video on Wednesday. "Have a small manageable position, and I'll let it go."

GameStop's stock surged as much as 130% in pre-market trading in 2021 after billionaire Elon Musk's one-word tweet further fueled the day-trading frenzy. Shares were last trading around 51% higher, at $224 per share, before the market opened.

To explain his stance on GameStop, Left referenced Canadian pharmaceutical Tilray, whose stock once soared to $200 before settling around $6 shortly after the rally. He anticipated a similar outcome for GameStop.

Left expressed "respect" for the market, the members of the WallStreetBets subreddit, and other message boards. He defended Citron's role in representing individual investors against institutional interests, noting that Citron's advocacy predated Reddit, Instagram, Facebook, and meme culture.

"I took the lawsuits, I went to court, I took the questions to lay the foundation. So obviously, I support any opposing opinions," he said in the video. "But what I never did was I never got personal, I never got nasty, and I never threatened a corporate executive, their family, or any shareholders. It was always business."

Last week, Left announced that Citron would cease its bearish commentary on GameStop after his family was harassed by an "angry mob" of investors who owned the stock. In his video, he cautioned Reddit traders who had profited by defying short-sellers and driving GameStop's shares higher.

"When you make your profits, make sure you put some away for the IRS," he warned. "That money is not all your money. But, at the end of the year, you do owe tax money."

He also noted that Citron's respe