Why Ubiquiti, Inc. Rallied Almost 40% in February
Shares of Ubiquiti, Inc. (NYSE: UI) rallied 39.1% in February, according to data from S&P Global Market Intelligence.
Ubiquiti was the target of a short-seller report in late January, which may have increased short interest in the stock just before earnings.
Unfortunately for those short-sellers, Ubiquiti went on to deliver a terrific earnings report, beating analyst expectations by a significant amount. That beat may have forced a short squeeze, sending shares higher.
Source Fool.com
