News
Citron hits Shopify in short attack, Professor Lester weighs in
Published: 11 October 2017
Shopify recently came out in defense of its business model following an attack on the company by short seller Andrew Left of Citron. According to Desautels professor , short sellers actually do an investigative service by exposing information about companies that might have otherwise been strategically concealed; though he remains wary of the insider trading sometimes tied to shorts.
So, what to do if you鈥檝e invested in a company recently targeted by a short seller? Prof. Lester maintains that investors should generally weather the storm and avoid selling.
Feedback
For more information or if you would like to report an error, please web.desautels [at] mcgill.ca (subject: Website%20News%20Comments) (contact us).