What’s in NQ Mobile Incorporated (NYSE:NQ) After Rise in Shorted Shares?

July 18, 2017 - By Marie Mckinney

 What’s in NQ Mobile Incorporated (NYSE:NQ) After Rise in Shorted Shares?

The stock of NQ Mobile Incorporated (NYSE:NQ) registered an increase of 5.5% in short interest. NQ’s total short interest was 4.97 million shares in July as published by FINRA. Its up 5.5% from 4.72M shares, reported previously. With 449,100 shares average volume, it will take short sellers 11 days to cover their NQ’s short positions.

It closed at $3.47 lastly. It is down 1.06% since July 18, 2016 and is uptrending. It has underperformed by 15.64% the S&P500.

NQ Mobile Inc. is a global provider of mobile Internet services. The company has market cap of $348.11 million. The Firm provides a portfolio of offerings, including mobile game publishing platforms, mobile advertising platforms, mobile entertainment applications and platforms, mobile security and productivity applications, as well as other mobile applications. It currently has negative earnings. It operates through two divisions: consumer and enterprise.

More notable recent NQ Mobile Inc (ADR) (NYSE:NQ) news were published by: Valuewalk.com which released: “NQ Mobile All Over Again? Montage Technology Responds To Fraud Reports” on February 07, 2014, also Thestreet.com with their article: “NQ Mobile (NQ): Heavy Pre-Market Activity” published on June 04, 2014, Schaeffersresearch.com published: “Stocks On the Move: Cynosure, Inc., Kate Spade & Co, and NQ Mobile Inc” on January 23, 2017. More interesting news about NQ Mobile Inc (ADR) (NYSE:NQ) were released by: Marketwatch.com and their article: “3.47” published on May 06, 2011 as well as Quotes.Wsj.com‘s news article titled: “NQ Mobile Inc. ADR” with publication date: April 29, 2011.

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