Synacor (SYNC)'s shorts are already rushing to cover. We just found out that the latest NASDAQ short data was just released and SYNC's short interest fell to 1,796,464 in mid-January from 2,212,452 at year-end 2012. After bottoming in November at $4.44 and bouncing to $6.51 in early-December, SYNC dipped two more times and found huge support at higher lows of $4.81 and $5. SYNC just brokeout past its early-January high of $5.92 and exploded through $6 per share on Friday and looks ready for a major rally past its December high of $6.51 in the days ahead. SYNC's six month chart below looks incredible.
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Disclaimer: NIA currently owns 60,000 shares of SYNC. NIA intends to sell these shares in the future and can do so at any time. NIA reserves the right to add to its SYNC position at any time.
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