Sorry Vikram, Short-Sellers Aren't Why Your Company Is Trading At Penny-Stock Levels

In his latest testimony, Vikram Pandit blamed short-sellers for Citigroup’s (C) pathetic share price (about $3.50/share).

This Bloomberg chart, showing the complete lack of correlation between Citi’s share price and short-interest, would beg to differ.

chart

Photo: Bloomberg

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