MGT Capital (MGT) Shares Pop Through Shorts on Terminated D-Vasive Agreement, McAfee CEO Appointment

October 11, 2016 3:41 PM EDT

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MGT Capital Investments (NYSE: MGT) shares are feeling the pressure today as the company announced a terminated asset purchase agreement with D-Vasive. The company also entered employment agreements to make John McAfee CEO.

Notably, MGT also recently announced that the NYSE denied a request to issue 43.8 million shares needed to complete the closing of the D-Vasive merger, so today's news might actually be more McAfee related.

Short interest on the stock was last recorded at about 2.93 million shares, or 13.9 percent of float, through the middle of last month.

Following a recent trading halt, MGT shares are up over 28 percent. For more on the news, click here.

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