Short-seller Andrew Left said he has increased a short position in Palantir Technologies after the data-analytics company released its latest earnings report. Speaking in an interview with Fox Business, the Citron Research founder called the trade “obvious,” arguing that the market is pricing the shares far above what he considers justified. Left added that he respects Palantir and its chief executive officer, Alex Karp, but described the stock as “beyond overvalued,” signaling that he expects the price to fall. The comments make Palantir the latest high-profile target for Citron, whose bearish calls have previously moved several technology names.
$PLTR - Citron says it is beyond overvalued
$PLTR | Citron Research’s Andrew Left is short Palantir (PLTR) - Calls the short ’obvious’ - Likes the company and Alex Karp, but thinks it is overpriced. - Left was speaking on Fox Business
Citron Research’s Andrew Left told Fox Business he’s short Palantir $PLTR and added to his position after earnings, calling the trade “obvious.” He said he likes the company and CEO Alex Karp, but thinks the stock is overpriced.