SC 13G/A from FMR

[Gator]

NQ MOBILE INC
Common Stock
6,273,815
13.334%

[doublebagger448]

[quote='Gator' pid='19661' dateline='1364412146']

NQ MOBILE INC
Common Stock
6,273,815
13.334%

FMR (Fidelity Management and Research) just filed a 13G on NQ today.  As of 12/31/12, FMR owned 363,263 ADSs and now then own 6,273,815 ADSs (13.33% of the company).  Smart money did their due diligence and now own over 13% of the company.  Valuation is dirt cheap , technology was just validated by the 3^rd largest wireless carrier (America Movil) and the deal pipeline is full.  Shareholder base is getting institutionalized (e.g., Fidelity increased its holding by 5.9M ADSs over the past 3 months).  There are other current holders that will increase their current position 2-3X.  Not sure there are better stories in tech to own now.

[BN58]

Does anyone know the short interest in NQ?

[doublebagger448]

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.

[admin]

Well, these Chinese shorters give people who missed it the first time a second chance to load up..