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
- Fly Sell: $TNA | iBankCoin.com
- 5 Key Ways Tagging Your Trades Improves Your Results | FundMyMutualFund
- Bond Buyers Spooked By Imminent FOMC, Lead To Tailing 5 Year Auction, Lowest Bid To Cover Since July 2009 | ZeroHedge
- Oil Breaks Below $80 | Financial Sense
- FaceBook Crashing After Hours After Guiding Sharply Lower Q4 Revenue Growth | ZeroHedge
- Despite "Healthy" Stress Test, Deutsche Bank Replaces CFO With Goldman Sachs Partner | ZeroHedge
- Great Graphic: Slowing of World Trade Growth and Globalization | Financial Sense
The most relevant financial news and articles from the Internets
- Secular Nidaa Tounes party beats Islamists in Tunisia... | Business Insider
- How To Manage Every Personality Type | Business Insider
- Spurs kick off NBA title defence by edging Mavericks | Business Insider
- One Chatty Banker Cost His Bank 'Millions Of Dollars' On The Alibaba IPO Deal | Business Insider
- The Navy SEAL Who Killed Bin... | Business Insider
- Unusual 11 Mid-... | StreetInsider.com
- Panera Bread Is Making 4 Changes To Restaurants To Get You To... | Business Insider