Citron Research’s Andrew Left predicted that shares in the highflying trucking startup will fall 50% over the next month. He questions management, and said...
Nikola stock’s sharp rise has caught the interest of a noted short seller. Citron Research’s Andrew Left predicted that shares in the highflying trucking startup will fall 50% over the next month. He questions management, and said more competition from electric-vehicle behemoth Tesla could ding Nikola stock in the short run.
Short sellers such as Left make bearish bets on stocks by borrowing shares and selling them, hoping to buy them back later at a lower price and pocketing the difference.
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