Vringo Inc (VRNG) $4.30 +8.86%

| November 6, 2012 | 0 Comments More

Vringo (VRNG) adds 41 cents to $4.36 and options on the New York-based application software-developer are active this morning after a 42.6 percent rally in the stock the day before. The continued strength comes amid no news items and is perhaps motivating some short interest to hedge their bets with call options. More than 10 million shares of VRNG were in the hands of short sellers as of Oct 15, according to data from Yahoo Finance, which is about one-third of the total shares outstanding. Short squeeze is on and options volume is 2,800 calls and 400 puts. Nov 4 calls are the most actives. 1,221 traded. Interest is also being seen in Nov 3.5, 4.5, 7.5 and even 10 calls on VRNG in early action.

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Category: All Stocks, Small Cap Stocks, Software & Computer Services

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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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