Replies to post #430501 on InterDigital Inc (IDCC)

[zdog]

Triple witching

[Gamco]

Trickledown - Friday (12/16) was options expiration day for IDCC (also a triple witch option expiration day for the market). Short interest was just over 2 million shares as of 11/30 so I would expect that a lot of those shorts closed their position primarily due to the new coverage by Jefferies sporting a $80 price target.
Selling for tax related reasons ends at the end of December so it may be easier for the price of IDCC to rise. This would provide the shorts with another reason to close out their position. JMHO