Glu Mobile, Inc. (NASDAQ:GLUU)
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The Company is a global publisher of mobile games. It creates games and related applications based on third-party licensed brands and other intellectual property.
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The Company is a global publisher of mobile games. It creates games and related applications based on third-party licensed brands and other intellectual property.
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Glu Mobile Inc. (GLUU) has a short interest of 29% and is down 5% over the last three months – This mobile game company has rebounded of late, with first half 2012 revenues up 32% to $45.2 million. Although the company’s net loss increased 100% to -$9.8 million the company has been aggressively spending on R&D, up 97% to $30.7 million. Even though the company still has a lot to prove, Ken Griffin essentially took a new position in 2Q, but one insider has been selling on the rising stock price, getting out around $5.