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Roku pares losses as Citron clarifies earlier stance

|About: Roku, Inc. (ROKU)|By:, SA News Editor

Roku (ROKU -2.4%) has pared earlier, deeper losses on the day after Citron Research deletes a tweet where the firm called Roku "uninvestable" and posts a clarification.

"To clarify, we are watching $ROKU from the side," Andrew Left's firm tweeted a few minutes ago.

"After successfully shorting ROKU as it traded as high as $50 in late 2017, we reversed our position at $35 last year. With Apple teaming up with Sams, LG, and Vizio investors must consider the risk to the bigger story," Citron continues.

Shares fell as much as 10.1% earlier after Citron said "the story has changed" and to expect a big retracement. They're back up to $41.16 now.

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