12-12-2013, 08:15 AM
Nothing yet on the position. But I found this on Bloomberg.
Hedge fund Toro, based in San Francisco, has added holidngs in NQ Mobile since Nov 12, CIO Taek-Geun Kwon said in an email.
Toro held 5% of NQ Mobile as of last filing Nov.12, Kwon confirms
Recent weakness in NQ shares was caused by bearish articles, including one today, Kwon says
Short interest in NQ shares has been steadily climbing, leaving little room for borrowing. It can't go "materially" higher from here, Kwon says
NQ short interest rose to 14.1 m shares as of NOv 29 from 13.8m two weeks earlier, according to exchange data released yesterday.