This post was just published on ZYX Short Sell Change
ZAGG is short from$13.85 and previously profits have been taken as low $6.95. 60% of the full core position size is being held.
ZAGG beats by $0.10, misses on revs; guides FY12 revs above consensus (7.70 +0.52). ZAGG also reports Q3 (Sep) earnings of $0.26 per share, $0.10 better vs. consensus of $0.16; revenues rose 30.3% year/year to $59.8 mln vs. the $60.74 mln consensus.
ZAGG issues upside guidance for FY12, and sees FY12 revs of $259.0-262.0 mln vs. $258.80 mln consensus.
Our target remains $3 to $5.
Caution: 32% of this stock is short and the float is very small. This stock periodically jumps up on short squeezes.
What To Do Now?
Those holding the stock and are aggressive may continue to hold.
Those holding the stock and are conservative may consider taking partial profits here based on personal preference of the order of 10 to 20%.
Those not in the stock may wait for a signal in the Real Time Feed.
