Citron Research closes GameStop short position

FILe PHOTO: A person browses games at an XBox One Display in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly

(Reuters) - Citron Research no longer has a short position in retail traders' favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company.

"It's not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult like shareholders," Citron said in the tweet.