Pick Up on MagicJack
Shares of the low-cost Voice Over Internet Protocol provider MagicJack VocalTech (CALL) are bucking today's move lower in the technology sector. Reuters reports that the company expects growth of 20% to 30% in 2012 and 2013, and would like to expand its product line outside the U.S. in the next year. There is a 16% short interest in the stock, and there may be some covering associated with the news.
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