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Snap ‘So Beaten Down,’ It Might Have Bottomed: Short Seller Andrew Left

Shoshanna Delventhal

On Tuesday, news broke that Snap Inc. ( SNAP) was being subpoenaed by the U.S. Justice Department and Securities and Exchange Commission (SEC) regarding information about its March 2017 initial public offering (IPO). It's so beaten down, you have a high short interest," said Citron Research's Andrew Left on CNBC's "Halftime Report" on Tuesday. "Look at the negative news that came out on Snapchat today and it should be trading much lower, right?