Shares of NQ Mobile Inc (ADR) (NYSE: NQ) may present a short squeeze opportunity for traders as 18.79 percent of its float is short.
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The stock fell Thursday and recently traded at $3.43, down 4.99 percent.
The total shares short have decreased 2.61 percent from the previous two-week period and the the share price has declined over 11 percent in the past 5 days.
The stock off the day’s lows of $3.221 and if investors exit their short positions the stock could spike to the upside.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.