Shares of Lizhi Are Leaping 22% Higher Today
Shares of Lizhi (NASDAQ: LIZI) were soaring 22% in afternoon trading Tuesday after Citron Research said the Chinese internet audio platform should triple in value.
Citron is a former short seller run by Andrew Left whose often well-researched reports could sink a stock when a critical analysis of a company was issued. However, Left was burned by the massive GameStop (NYSE: GME) short squeeze earlier this year, which caused him to effectively give up issuing bearish reports and instead turn his focus to finding stocks he believed were worth buying.
Lizhi is now the beneficiary of a positive, upbeat forecast from the stock-research site.
Source Fool.com
