Kylin Management Increases Stake In NQ Mobile Inc (NQ)

Kylin Management has increased its position in NQ Mobile Inc (ADR) (NYSE:NQ), giving it a 6.2% stake in the company, according to a recent 13G filing. Kylin already had a small stake in the company, but is now clearly taking a bullish position, increasing from 346,500 to 9,569,980 common shares with 7,190,370 shares in its Offshore Fund and another 2,375,610 shares in separately managed accounts.

Muddy Waters continues to push short argument

Carson Block’s Muddy Waters has taken a short position on NQ Mobile Inc (ADR) (NYSE:NQ), arguing that the company’s revenues are being over-reported. Block first released a detailed report explaining his short thesis in October last year, causing NQ...