NQ Mobile Responds To Short Seller; Stock Up

By | July 9, 2014

Scalper1 News

NQ Mobile (NQ) stock was up 9% in early afternoon trading in the stock market today, near 4.50, after the Chinese mobile security company issued a statement responding to a negative report Monday by short-selling research firm Muddy Waters. Muddy Waters, which has accused the Chinese firm of fraud going back to October, alleged that NQ management engaged in fraudulent conduct with their July 3 announcement that a group of independent auditors Scalper1 News

Scalper1 News