Ubiquiti Networks (UBNT +7.9%), which had 60.3% of its float shorted as of April 30, is...
Monday, May 21, 2012, 3:48 PM ETUbiquiti Networks (UBNT +7.9%), which had 60.3% of its float shorted as of April 30, is finishing up strongly. Possibly helping is the company's announcement it has filed for a restraining order and injunction to prevent a former distributor from allegedly counterfeiting its products. Ubiquiti also accuses the distributor of spreading false rumors - likely a reference to a Chinese report CEO Robert Pera was relying on mafia ties to crush competition.
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