Why Yalla Stock Just Popped
Down 55% in three months, Dubai-based Middle Eastern and North African social networking company Yalla (NYSE: YALA) has had a rough start to 2021 -- a rough start that got worse this week, when short-sellers at Gotham City Research began attacking the stock as an "ugly duck" headed for bankruptcy.
Today, shares of Yalla are rallying 22.3% as of 10:13 a.m. EDT as management responds to the short attack -- and announces a stock buyback.
Image source: Getty Images.
Source Fool.com
