Volume Spike Investor

Synaptics Inc. (NASDAQ: SYNA) is getting a relief rally after beating estimates. Earnings were $0.48 EPS and a 3% revenue gain to $119.6M vs. Thomson Reuters estimates of $0.42 EPS and $116.4 million in revenue. Gross margin of 40.4% was soft with some expecting 40.5% or 40.6%.  The company talked up its opportunities and production.  At 5:26 PM EST yesterday shares were up 12% at $26.50 on 273,606 shares since the close.  At 8:43 AM EST we have shares trading up 14.1% at $27.00 on over 55,000 shares.  This will likely be an exponential volume day as there are only about 2.2 million shares on an average day.  Be advised that the 14,724,665 shares listed as the short interest will only add fuel to the fire here.  -JON OGG