CNBC Reports that Melvin Capital Closed its Short Position in GameStop on Tuesday Afternoon
Posted on 01/27/2021
Melvin Capital exited its short position in GameStop (ticker: GME) on Tuesday afternoon after taking a huge loss, the hedge fund’s manager told CNBC’s Andrew Ross Sorkin. CNBC could not confirm the amount of losses Melvin Capital took on the short position.
CNBC Link: https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html
However, Reuters article on January 21, 2020, says this, “Melvin Capital, founded in 2014 by Gabriel Plotkin, said it does not comment on positions and trading.”
Reuters Link: https://www.reuters.com/article/us-melvin-fund-evotec-de-idUSKBN29W0R9
