M&A speculation is always good for a heavily-shorted stock. Pandora (P +2.7%), which had...

|About: Pandora Media (P)|By:, SA News Editor

M&A speculation is always good for a heavily-shorted stock. Pandora (P +2.7%), which had 53.8% of its float shorted as of Aug. 31, is rallying following a Bloomberg column suggesting Apple's reported Internet radio plans could lead online music rivals such as Google, Amazon, and Clear Channel to covet Pandora's giant user base and mobile ad business. An Albert Fried analyst thinks Pandora could fetch $20/share. (CEO remarks)