Saloni Sardana, 22 August 2020
Famed short-seller Andrew Left is aggressively shorting a “crazy stupid” Chinese stock that has gained more than 320% on the New York Stock exchange in 2020, as he believes it has exaggerated its earnings and will eventually be delisted. The activist short-seller and founder of Citron Capital, told Business Insider that he believes that the earnings of GSX Techedu are grossly inflated “anywhere between 50 to 80%.” GSX, which is an online education provider, has surged despite a number of claims by various short-sellers casting doubt on the company’s performance. Continue reading “Article: A famed short-seller explains why he’s betting big against a Chinese tech stock that has seen a ‘crazy stupid’ 320% gain in 2020”
