Microcap Netlist (NLST) Sees Another Strong Up Day
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Netlist (Nasdaq: NLST) shares are ripping on volume Thursday, though no specific news is out on the microcap.
Latest market data has short positions of about 400,700 shares, roughly 1.7 percent of public float.
Speculative bets have Netlist winning some sort of large contract that hasn't been disclosed yet. With a market cap of $23.4 million at the close Wednesday, it wouldn't be hard for a medium-to-large tech name to move this one.
Volume of 2.3 million shares crossing compares with the trailing three-month average at 92,500 shares. The stock is up 56 percent today from a gain of 11.6 percent on Wednesday.
Latest market data has short positions of about 400,700 shares, roughly 1.7 percent of public float.
Speculative bets have Netlist winning some sort of large contract that hasn't been disclosed yet. With a market cap of $23.4 million at the close Wednesday, it wouldn't be hard for a medium-to-large tech name to move this one.
Volume of 2.3 million shares crossing compares with the trailing three-month average at 92,500 shares. The stock is up 56 percent today from a gain of 11.6 percent on Wednesday.
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