Short-seller Andrew Left just flagged the 'short of the year' for 2016 and the stock is tanking
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Short seller Andrew Left, the founder of California-based Citron Research, Tweeted that Mobileye is the "short of the year" for 2016.
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Shares of Mobileye fell to $40.20, down $2.75, or -6.40% after the Tweet.
Short of the year: 2016 $MBLY https://t.co/vd6Gl5ffP5 2014 it was $DDD, 2015 it was $GPRO. So obvious. Peashooter to a gunfight
- Citron Research (@CitronResearch) December 16, 2015
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Mobileye is a software company that develops technology for self-driving cars.
Back in September, Citron issued a bearish report on the company. Citron said that it has a $25 price target.
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Here's a chart:
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