Zynga Trading up 7%

Shares of online game publisher, Zynga (NASDAQ: ZNGA) are having a strong session on Monday despite a weak broader market tape. At last check, ZNGA shares had risen better than 7% to $8.02 and was sitting near intra-day highs. The move in the stock may be related to Facebook's scheduled IPO. The much anticipated offering is expected to price on Thursday and begin trading on the Nasdaq stock market under the ticker symbol FB on Friday. Zynga generates a substantial portion of its revenues from Facebook users. Shares have been under significant pressure in 2012 and the ZNGA has lost roughly 20% of its value since going public at $10 per share. The stock has a very high short interest with around 20% of its float sold short in recent trading sessions, and this can cause elevated volatility in the name. Look for ZNGA to remain active this week leading up to Facebook's much-anticipated debut. Zynga Inc. (Zynga), is a provider of social game services with 240 million average monthly active users over 175 countries. The Company develops, markets and operates online social games as live services played over the Internet and on social networking sites and mobile platforms.