The NYSE set a reference price on Tuesday of $45, though no stock changed hands at those levels. Shares began trading at $64.50, which represented a 43% increase from a private financing round in January, when the company sold shares for $45. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Citron’s average exposure for the year was 20% long, and the fund generated a net return of 155% on the year.Best Debt Consolidation Loans for Bad Credit However, Citron’s annual shareholder letter recently revealed Left had a big year in 2020. 25, when he recommended GameStop’s board of directors consider a takeover of Esports Entertainment Group Inc (NASDAQ: GMBL).īenzinga’s Take: Left always takes a lot of criticism for his missed short calls, and he has been wrong up to this point on GameStop. Tuesday’s bullish tweets on Lizhi were Left’s first tweets since Feb. The Rest Is History.įollowing the initial surge in GameStop and alleged threats against his family from GameStop traders, the longtime activist short-seller recently said he will no longer be issuing short reports. See Also: A Short Seller Joins Benzinga's 'Power Hour' To Talk GameStop. (NYSE: GME) in January, a move that angered Reddit’s WallStreetBets community. Left has taken a lot of heat from critics since taking a short position and setting a $20 price target for GameStop Corp. In other words LIZI is valued at $7 per MAU vs $YALA at $221,” Left wrote. $LIZI should benefit from de-platforming of big tech in China. “On 2021 EV/Sales $LIZI trades at 1.4x sales vs 17.2X Yala. See also: How to Buy Roblox IPO (RBLX) Stock Yala shares also traded higher by 16.2% on Tuesday. Why It’s Important: Left said Lizhi compares extremely favorably to competitor Yalla Group Ltd - ADR (NYSE: YALA) from a valuation perspective. Left linked to this YouTube video demonstrating how the company’s “focus on games has expanded into dating.”
What Happened? In a pair of new tweets, Left called Lizhi a “cross-section of Clubhouse, Roblox and NOW dating” and set a $30 price target for the stock.
Shares of China’s leading audio live-streaming company Lizhi Inc - ADR (NASDAQ: LIZI) traded higher by 30% on Tuesday after Citron Research editor Andrew Left said he likes the stock.
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