'Pharma Bro' Martin Shkreli Shorts Newegg After 1,338% Rally, Calls It 'Close to Worthless'
Former hedge fund manager Martin Shkreli announced on Thursday that he has shorted Newegg Commerce Inc. (NASDAQ:NEGG) following the e-commerce retailer’s massive 1,338% surge this year, dismissing the company as fundamentally overvalued.
Benzinga ·