ZAGG (ZAGG) is trading up on earnings. We do not believe that ZAGG’s earnings are sustainable and will continue to maintain a small short position.
Anyone holding a short position in ZAGG may trim right here as there is a risk of a short squeeze. Please hold positions only in such size that you are comfortable to hold during a potential short squeeze.
Those not in the ZAGG may wait for higher prices before entering.
We partially exited ZAGG at $15.65.
If ZAGG falls below $14.88, consider short selling enough quantity to reach 100% of the full position size.
