On one side, I have picked Nio up when it was $2.96. Citron Research Tweets Sets $25 Price Target On Nio. On Friday morning shares of NIO were up as much as 11%, touching intraday highs prior to Citron’s tweet. Benzinga Newsdesk, ... Related Articles (NIO) Tesla, Nio, Nikola, Zoom — Stocks The Largest US Pension Fund Is Betting On. On Friday the 13th, Citron Research, a well known short-seller, released a brief short call on the $60 billion Chinese EV company Nio Inc (NIO). Nikola sinks another 18% as Citron Research calls it a 'total fraud' and investors shun a rebuttal of the original short-seller report Ben Winck Sep. 11, 2020, 05:30 PM Nio did not respond to a request for comment. Nio's ES6 hatchback model faces imminent threat from likely price cuts for Tesla's Model Y in China, Andrew Left-owned Citron said in an investor note. What Citron is saying is that NIO faces more competition with Tesla's 45% market share in the US EV market and NIO's 3% market share in the Chinese EV market. Andrew Left said his Citron Capital fund covered most of its GameStop short positions at a 100% loss. Citron said to buy NIO back when it was just $4 a share. Nio's ES6 hatchback model faces imminent threat from likely price cuts for Tesla's Model Y in China, Andrew Left-owned Citron said in an investor note. Massive NIO Stock Investor Ray Dalio vs. Citron Research.Options Course! Citron Research is widely known as a short-seller, especially after recommending to sell NIO and GameStop stock. According to Citron, NIO’S EC6 hatchback would face competition from the model and Tesla in terms of prices. If Citron followed their own advice then they probably made a lot of money off of going long on NIO. Citron had assigned NIO a $25 target price, and GameStop $20. Citron Research’s optimistic predictions for NIO are turning out true so far. US short-seller Citron is shorting NIO and says after a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects. According to our analyses, this stock has recently been a big favorite of retail investors and has regularly occupied the top spots on our retail popularity list. “When a stock is up 50% in three months, you take profits,” Left said. Follow CITRON on Twitter Tweets by @citronresearch Recent Reports. Citron Research in NIO Many have hailed NIO as a “Tesla killer,” but Citron now believes it’s the other way around. In its report, Citron cited Chinese analysts who see a price war in the Chinese electric vehicle market. Non è possibile visualizzare una descrizione perché il sito non lo consente. Tesla has cut prices in China on several occasions, aiming to gain more market share in the world's biggest car market. Not to mention it's not like Citron has always been saying to short NIO and has constantly been proven wrong about it. While Citron Research has had its share of success, it's made some bad calls as well. Citron Research says ‘buy’ On November 19, Citron Research recommended a “buy” on NIO with a price target of $12.00. The short-seller warned Reddit traders to pay taxes on their GameStop profits. Nio Inc - ADR (NYSE: NIO ) shares were surging Monday after Citron Research’s Andrew Left said the stock is a ticking time bomb, comparing it to Tesla, Inc. (NASDAQ: TSLA ). I will be honest, when Citron Research called Nio, I was a bit dumbfounded on what to say. Just came across this article via Twitter which explains why Nio is dropping down. Citron Research Calls Nio "a Tesla Déjà vu"; Shares Jump 14% Early in Response Selina Cheng Nov 20,2018,06:55 Chinese electric carmaker Nio Inc. (NYSE: NIO) saw its shares jumped more than 14 percent in morning trading after Andrew Left's Citron Research calling Nio "a … Citron also tries to support NIO's lack of competition by saying "Tesla sold more than twice as many units as NIO last month". I think a pullback is healthy either way and I frankly cant see it go down to $25. Citron Research. 6 months Nio PT Downgraded by Citron Research To $25 Reddit . Nio did not respond to a request for comment. Shares of Nio plunged 14% on Friday after a report from Citron Research warned of an impending 48% crash. NIO and Palantir are some prime examples. Citron gives NIO a price target of $25. Andrew Left of Citron Research has sold his Nio Inc. holdings, the noted short seller told MarketWatch on Tuesday. Famed Tesla short seller, Citron Research's Andrew Left, has found a new target, Chinese electric vehicle startup Nio.
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