03-28-2013, 07:54 AM
'BN58' pid='19670' datel Wrote:Does anyone know the short interest in NQ?
SI as of 3/15/13 = 2.99M
http://www.nasdaq.com/symbol/nq/short-in...VNpIjegvRY
So...there are 3M more reasons to buy. Shorts of Chinese ADSs tend to short any stock that is up more than 50% from its 52 week low, trades $5M/day and has a market cap over 400M. As NQ's market cap went over $400M, the short interest went up. Their strategy is to spread fear, post bogus claims in blogs and try to cover 1-2 points down. Let's just say....NQ is onto their BS tactics and it will be harder and harder for them to manipulate the share price.