Ebix rallies following deal with Intel

|About: Ebix Inc (EBIX)|By:, SA News Editor

Ebix's (EBIX +5.9%) A.D.A.M. health information/portal unit has created cloud-based medical training programs optimized for touch-enabled Intel ultrabooks.

32.5% of Ebix's float was shorted as of July 31, as short-sellers bet the company's legal issues (I, II) will send shares lower still. Those who shorted Ebix before its Goldman deal was terminated are staring at huge profits.

Ebix sold off last Friday after posing mixed Q2 results.