The squeeze is on at Pitney Bowes after earnings and divestiture

|About: Pitney Bowes Inc. (PBI)|By:, SA News Editor

Pitney Bowes (PBI +11.5%) soars a day after it showed more profit than anticipated in Q2.

The decision to sell its management services business to Apollo Global Management for $400M is expected to help the company operate more leanly.

Short interest is very high on PBI which could be affecting trading.