Citron Research Goes Negative Again, Saying Riot Blockchain Is Worth Just $2

Shares of Riot Blockchain (NASDAQ: RIOT) continued to climb a day after it provided investors with a Bitcoin (CRYPTO: BTC) mining update, with the stock up over $55 per share. But stock-recommendation outfit Citron Research says the cryptocurrency miner isn't worth more than $2 per share.

It's a notable opinion because after getting caught short on GameStop stock during the Reddit rally earlier this year, the firm swore off publishing short-selling reports. The company's founder Andrew Left has since taken to offering only positive analysis on stocks with upside potential.

It's also notable because a negative Citron report can typically send a stock crashing.

Source Fool.com