Investors are betting against Vringo (VRNG), Should You? - Tale of the Tape
April 28 2014 - 09:29AM
Zacks
Many investors appear to be quite bearish on
Vringo, Inc. (VRNG), especially if you look at the
percentage of the float that is sold short for this stock.
Currently, 26.2% of the float is sold short, suggesting an extreme
level of bearishness for VRNG.
However, it is worth noting that earnings estimates have actually
been moving higher for the company, despite the pessimism. Thanks
to these rising estimates, we have a Zacks Rank #2 (Buy) on VRNG,
so we clearly don’t believe in the negativity surrounding this
firm, and are instead looking for shares of VRNG to move higher in
the weeks ahead.
VRINGO INC (VRNG): Get Free Report
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