Zagg (ZAGG) Sees Squeeze Following Disclosure of Increased BofNY (BK) Stake
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Zagg (Nasdaq: ZAGG) shares are ripping as Bank of New York(NYSE: BK) disclosed an increased stake in the company.
BofNY increased its stake from 1,745,253 to 3,019,807, or 12.34 percent.
Of the total, 1,919,807 shares have sole voting power.
Additionally, about 8.84 million are currently held short by traders, indicating that the stock might be seeing a squeeze on the disclosure.
BofNY increased its stake from 1,745,253 to 3,019,807, or 12.34 percent.
Of the total, 1,919,807 shares have sole voting power.
Additionally, about 8.84 million are currently held short by traders, indicating that the stock might be seeing a squeeze on the disclosure.
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