Short seller Andrew Left, the founder of California-based Citron Research, Tweeted that Mobileye is the “short of the year” for 2016.
Shares of Mobileye fell to $40.20, down $
2.75, or -6.40% after the Tweet.
Mobileye is a software company that develops technology for self-driving cars.
Back in September, Citron issued a bearish report on the company. Citron said that it has a $25 price target.
We’ve reached out to Left for further comment.
Here’s a chart:
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