ZAGG Closes at All-Time High with 74% of its Float Short
- Posted by Ivanhoff
- on July 18th, 2011
There are not many stocks on the all-time list, but those that are there, have catalysts with a potential for higher prices in the near-term perspective. Zagg Corporation ($ZAGG), which manufactures protective coverings for mobile phones and other hand-held devices, advanced almost 3% in a week tape. The staggering 74% of its small float (which is 15.29M shares) is sold short. If the market cooperates and sends the stock above $16, there might be an epic short squeeze. I will be watching carefully.
Other names on the all-time high list today include:
$AAPL $WYNN $GSVC $BCPC $CVV $EVEP $CHT $RGLD $MVO
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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My name is Ivan Hoff. I manage money for myself and clients. I am the creator of the StockTwits 50 List and editor of The StockTwits Edge - 40 Actionable Setups from Real Market Pros. (More) -
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