Citron Research said it is covering its Ambarella (NASDAQ: AMBA) short sale, saying it sees better opportunities elsewhere.

Citron first disclosed its Ambrella short publicly on June 19, with shares around $127. The current price is around $79, suggesting a gain on the short from Citron of around 38%.

Citron covering $AMBA short. Better opportunities elsewhere...has been a good one

— Citron Research (@CitronResearch) September 2, 2015

Short Sales Trader Talk

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