Short Interest in NQ Mobile Inc Expands By 19.5% (NQ)
NQ Mobile Inc (NYSE:NQ) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 17,761,267 shares, an increase of 19.5% from the July 15th total of 14,861,311 shares, American Banking News reports. Currently, 59.4% of the company’s stock are short sold. Based on an average daily volume of 11,191,417 shares, the short-interest ratio is presently 1.6 days.
Shares of NQ Mobile Inc (NYSE:NQ) opened at 6.48 on Monday. NQ Mobile Inc has a one year low of $3.45 and a one year high of $25.90. The stock’s 50-day moving average is $5.8 and its 200-day moving average is $11.92. The company’s market cap is $390.9 million.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, incorporated on March 14, 2007, is a holding company.
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