Famed short-seller Jim Chanos revealed his short position on General Electric Company GE shares, saying that the company’s fair value was “way below” its current stock price, according to a Reuters report that cited a CNBC interview.

GE reported fourth-quarter earnings in late January, with revenue jumping 7% to $21 billion and missing a market estimate. Quarterly adjusted earnings came in at $1.24 per share, which beat an average estimate of $1.13 per share.

Also Read: How To Buy General Electric (GE) Stock

In its guidance, GE said it anticipated continuing earnings per share between $1.60 and $2.00 in 2023 versus estimates of $2.37. However, the stock has gained over 4% in the last month.

On Coinbase: Chanos also pointed out that he was short on cryptocurrency exchange Coinbase Global Inc COIN adding it did not seem to have sustainable income sources.

“It’s a narrative stock. It’s not a fundamental stock. And by that, I mean, people buy it because they have a view on crypto prices, or crypto survival, or what have you,” Chanos said on CNBC’s “Closing Bell” Wednesday.

Coinbase reported a loss of $2.46 per share in the fourth quarter, worse than a Street estimate of a loss of $2.39 per share. Bitcoin BTC/USD represented 35% of Coinbase’s trading volume compared to 31% in the third quarter, while Ethereum ETH/USD volumes were unchanged from the previous quarter at 33%.

“The fact of the matter, as we saw last night, is Coinbase is still losing money,” Chanos said according to the CNBC report.

“I just don’t think that’s a sustainable model as we go from 0% interest rates to 5% interest rates, not paying interest on customer deposits will also be competed away,” Chanos added.

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Photo: Created with an image from Asia Society on Flickr

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