Citron Research Abandons GameStop (GME) Stock Short Position

Group 1 - Citron Research has closed its short position on GameStop (GME), citing the company's increased cash balance from recent offerings as a reason for their decision [1][2][3] - GameStop raised a total of $3.07 billion through two share offerings, allowing the company to have over$4 billion in cash available for potential acquisitions or other strategic initiatives [3] - Citron acknowledges the market's irrationality, comparing GameStop's situation to that of Dogecoin, which has a significant market capitalization despite lacking fundamental value [3] Group 2 - Keith Gill, known as Roaring Kitty, continues to hold a substantial position in GameStop, owning five million shares and 120,000 call options, with an overall gain of $31.51 million or 18% [4]