Although a general short seller, SumZero issued a contrarian long call on GNC Holdings Inc GNC Wednesday.
@SumZero tweeted, “After successive short calls, a new contrarian $GNC long available on SZ. 150%+ upside to fair value.”
The full report required approved site access.
The self-described “community” — rather than “firm” — publishes peer-reviewed research from Buyside professionals working at mutual funds, private equity funds and hedge funds.
GNC’s stock had not yet reacted to the report as of publication, but shares are down 3.4 percent on the day. On Friday, the company saw values inch up on unconfirmed chatter.
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