![]() Citron Research also took a heavy beating, as its short bets on GameStop were running a marked-to-market loss of nearly $2 billion. According to some reports, it was not in a position to honour the delivery of shares it had shorted. Late Monday, Wall Street Journal reported that Citadel and Point72 will bail out Melvin Capital by investing $2.75 billion in the hedge fund, after it booked nosebleeding losses in its short positions on GameStop.
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