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GoPro (GPRO) Stock Soars Amid High Short Interest

NEW YORK (TheStreet) -- Shares of GoPro (GPRO) are up 13.31% to $12.43 on heavy trading volume late Monday afternoon as short interest surges to a five-month high of 26.9 million shares, according to MarketWatch.

Many investors interpret high levels of short interest as a positive for the stock, as any good news could cause people who are short to buy shares to cover their bearish bets.

About 11.12 million shares of the action-camera maker have been traded so far today, well above its average trading volume...