Inventergy Global Inc. Sharply Higher On Monster Volume

Inventergy Global Inc INVT shares are trading higher by $0.89 at $2.25 in Monday's session. A recent spike in short open interest may be accounting for the rally as today's rally as the news short may be attempting to cover there position. Following a flat open, it immediately found support one penny under Monday's close ($1.36) and began to move higher. So far, it has reached $2.46 before retreating to its current level. The rally is taking place on huge volume as nearly 4M shares have traded compared to its 20 day average of 1M.