BroadVision (BVSN) Busts Apart Shorts on Sharp Move Higher

March 8, 2013 2:56 PM EST
Lightly-traded BroadVision, Inc. (Nasdaq: BVSN) has been making quite the move over the last two sessions, ripping apart any shorts that are left in the stock.

Shares crawled to a close 2.8 percent higher on Thursday before ripping nearly 30 percent higher on gobs of volume during today's session. Over 1 million shares have traded, versus the daily average of just 45,000 or so.

The latest market data has 180,457 shares being held short, or 6.4 percent of its 2.82 million float. The $9 to $9.50 range might have been a key area with the stock gapping higher today.

No clear news item is out on the company, which provides enterprise with "the rules, tools and infrastructure for doing business on the Web."

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