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Home automation seller Control4 surges ahead of earnings
2015年7月30日 / 下午4点42分 / 2 年前

Home automation seller Control4 surges ahead of earnings

SAN FRANCISCO, July 30 (Reuters) - ** Shares of home automation provider Control4 up 9.8 pct ahead of Q2 results after the bell; up 19 pct in past two sessions

** Company creates software and devices to automate music, security, lighting, temperature in homes

** Relies on dealers and professional installation of equipment; goes against growing do-it-yourself trend of “connected home” gadgets sold at hardware stores from companies like Google’s Nest

** Previous quarterly report was major disappointment for Wall St, sending shares down 28 pct over following 7 sessions

** Stock now near all-time lows following 2013 IPO with growing competition from recently listed and others

** Short interest has steadily increased to 14.5 pct in mid-July from 8.7 pct in January

** Short squeeze risk is 85/100 according to Starmine model considering volatility, suggested a high likelihood of a short-squeeze (Reuters Messaging:

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