Crushed earlier this week due to concerns about the impact of its Aug. 29 lockup expiration,...

|By:, SA News Editor
Crushed earlier this week due to concerns about the impact of its Aug. 29 lockup expiration, Yelp (YELP +6.3%) is bouncing strongly today. Short-covering is a likely factor: 15.4% of the company's float was shorted as of July 31, and judging by Facebook's pre-expiration activity, more shorts may have piled in during the recent selloff.