This post was just published on ZYX Short Change Alert.
The ZAGG position is short from $13.85 and 35% of the full core position size is being held. Profits have previously been taken as low as $4.73.
ZAGG sees Q3 revenue about $50M, consensus $53.98M and expects gross margins to exceed 44% and adjusted EBITDA to exceed $10.0M.
In the after-market the stock has fallen as low as $4. Consider taking profits on a 5% tranche around $4. After this profit taking 30% of the full core position size will be held.
Consider a stop in the zone of $7.06-7.13.
