Yelp Inc up 22% since May 15th
Yelp is putting the "!" back where it counts. Yelp! or Yelp Inc. (YELP) shares are up 22% since in less than 2 weeks. Just when web 2.0 heavily shorted stocks were the death of investors portfolios, Yelp is making a come back.
The chart clearly shows that Yelp is on the up and up. It appears to be a short squeeze that is working for traders now going long.
This San Francisco-based company saw its short interest surge more than 31 percent in the first weeks of May to more than 9.27 million shares, which represents more than 15 percent of the float. The number of shares sold short has been rising since mid-March. The days to cover remained about one
The 22% increase is a wake-up call to the short sellers. The stock continues to rally today up 5%.
Bottom line: Yelp appears to be on the mend but it still remains a volatile trade. If enough short interest exits the stock will continue to climb.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Only Two Choices You Have In Life | Altucher Confidential
- US PMIs Tumble, Catch Down To 'Hard Data' Disappointment As "Post-Election Upturn Loses Momentum" | ZeroHedge
- Pigs Waiting To Get Slaughtered (Video) | ZeroHedge
- Is Weakening Breadth Warning of a Pullback or Major Top? | Financial Sense
- Plus ça change ? Oui ou Non? | ZeroHedge
- Why Global GDP Is Converging Towards 1% | Financial Sense
- Fight Of The Century | ZeroHedge
The most relevant financial news and articles from the Internets
- THE CHATBOT MONETIZATION REPORT: Sizing the market, key... | Business Insider
- This is the surefire way to maximize your Social Security benefits | Business Insider
- 2 big NBA players have already been traded — here are the other names being mentioned... | Business Insider
- Laptop Computer Reviews - BusinessWeek | BusinessWeek
- An app designed by Swedish physicists just got approved for contraception,... | Business Insider
- What someone who worked closely with PewDiePie thinks about Disney and... | Business Insider
- Someone stole Nintendo's new game console 2 weeks before it arrives —... | Business Insider