Citron Covers Short Position in Roku; Roku's Share
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Posted On: 05/25/2018 2:34:15 PM
Citron Covers Short Position in Roku; Roku's Shares Soar
BY MT Newswires
11:10 AM EDT, 05/25/2018 (MT Newswires) -- Roku (ROKU) shares are trading 5% higher Friday after Citron Research reported that it has covered its short position and taken a long position in the stock.
In its report on the company, Citron believes ROKU (ROKU)
is trading at the largest discount ever to Over-The-Top (OTT) peers "despite being the only OTT pure play that generates revenue."
And upon re-evaluating Disney's (DIS) acquisition of DTC streaming service BAMTech with ROKU's (ROKU) current subscriber base, Citron believes ROKU
(ROKU) could be worth 3 times its current value.
BY MT Newswires
11:10 AM EDT, 05/25/2018 (MT Newswires) -- Roku (ROKU) shares are trading 5% higher Friday after Citron Research reported that it has covered its short position and taken a long position in the stock.
In its report on the company, Citron believes ROKU (ROKU)
is trading at the largest discount ever to Over-The-Top (OTT) peers "despite being the only OTT pure play that generates revenue."
And upon re-evaluating Disney's (DIS) acquisition of DTC streaming service BAMTech with ROKU's (ROKU) current subscriber base, Citron believes ROKU
(ROKU) could be worth 3 times its current value.
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