By Spencer Feingold

Since Lyft went public over two weeks ago, the ride hailing company’s stock has slid to $52 per share, a drop of 22 percent from its initial public offering price.

But the noted short seller Andrew Left says Lyft is not ripe for shorting.

Short-selling companies that are disruptors, like Lyft ($LYFT), “has not been a very good recipe,” Left told Cheddar in an interview Monday.

Left is the founder of the financial firm Citron Research and is well known for short selling — a risky form of investing that bets on a company’s stock value falling.

“Shorting disruptive companies that dominate a megatrend simply because they lose money is a sure way to go broke,” Citron said of Lyft in a report released earlier this month.

Left told Cheddar that Lyft is “definitely not a fad” and that the company’s “addressable market is just huge.”

The San Francisco based company became the first ride-hailing company to go public, beating its older and much larger competitor Uber, which is expected to make its market debut as early as next month.

Left said that ride-hailing companies are a safe bet because customers tend to increase their use of the service over time.

“The average revenue per customers grows and grows and grows every single year,” Left said. “It is the ultimate dream compounder stock.”

For full interview click here.