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Wednesday, February 22, 2023 4:17:38 PM
By: Investing.com | February 22, 2023
(Reuters) - Jim Chanos is short on General Electric (NYSE:GE) Co, the billionaire investor said in a CNBC interview on Wednesday.
Chanos added the company's fair value was "way below" its current stock price, which pared gains after the comment and was last trading up 0.6% at $82.63.
GE in January forecast a lower-than-expected full-year adjusted profit as it struggles with ongoing supply chain disruptions and persistent problems at its money-losing renewable energy business.
The short-seller also said he was short on cryptocurrency exchange Coinbase (NASDAQ:COIN) Global Inc, adding it did not seem to have sustainable income sources.
GE and Coinbase did not immediately respond to Reuters' requests for comment.
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