NQ Mobile +10.8% on annual report filing rumor

Jul. 02, 2014 12:16 PM ETLink Motion Inc. (LKM) StockLKMBy: Eric Jhonsa, SA News Editor5 Comments
  • A rumor that NQ Mobile (NQ) will soon file its delayed annual report (expected to be accompanied by an audit report) has led shares to surge above $7. A NQ spokesperson tells Bloomberg the company has no new information on the report for now.
  • This is a good time to remember 14.4M shares were shorted as of June 13.
  • Last Friday: NQ Mobile makes fresh 52-week lows

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