NQ Mobile Inc Rose After Plummeting To All-Time Low Friday

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NQ Mobile Inc Rose After Plummeting To All-Time Low Friday

NQ Mobile Inc (ADR) (NYSE:NQ) dropped 8% to $5.86 per American Depositary Receipts, to hit an all-time low Friday, with investors still awaiting the company’s next financial report.However, it recovered over 3% in the early morning trading today.

NQ Mobile Inc (ADR) (NYSE:NQ)’s share price slide continued since May when it said it needed more time to file its annual report.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More

Muddy Waters’ accusation

Muddy Waters targeted the Chinese mobile internet service provider in October accusing the company of fraudulent accounting practices. Interestingly it is nearly 60 days since the Chinese company originally said it would release its annual