Famed short seller Andrew Left is back shorting GameStop years after taking a hit during meme-stock mania
- Andrew Left just placed a fresh bet against GameStop shares amid its latest rally.
- The famed short seller lost big after he bet against the retailer in 2021.
Andrew Left, the famed short-seller who lost big betting against Gamestop's stunning rally in 2021, is back to shorting the meme stock amid its latest surge.
Left, who also shorted Hertz and Tesla competitor Nikola in 2020, told Bloomberg he placed a bet against Gamestop stock on Monday. He didn't specify the size of the bet but noted it was smaller than previous ones.
"I have covered my short from May, and then I re-shorted it today," he told the outlet in an interview.
His latest short comes amid a surge in retail interest in GameStop. The trader Keith Gill, known on X and Youtube as Roaring Kitty, seemingly single-handedly revived the stock in May by posting a series of memes on X.
On Monday, the stock surged again as the Reddit account associated with Gill posted a screenshot suggesting he owns a stake in the video game retailer worth over $100 million. The stock closed 21% higher on Monday to end the session at $28 a share and has gained 65% this year.
"When I saw it, I shorted it," Left told Bloomberg in reference to the Reddit post, adding that Gill "might as well be a hedge fund manager."
Left's firm, Citron Research, stopped publishing notes on its short bets in January 2021, around the time GameStop shares notched their all-time high.
At that time, Left said he would no longer comment on GameStop due to an "angry mob" of shareholders he said had harassed him.