Sirius XM, heavily shorted, jumps 27% and triggers halts (updated)
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Sirius XM stock (NASDAQ:SIRI) has seen multiple volatility halts Thursday afternoon, jumping 35% in a matter of minutes on no available news.
The stock was first hit a volatility pause trigger at 2:22 p.m. ET, and was halted twice more by 2:35.
Squeeze action is certainly moving the stock higher: With short interest at 34.5% of the float, Sirius XM (SIRI) is one of the most shorted stocks on the Street.
The move is its biggest intrasession gain in 14 years, and it brings the stock to a two-year high.
Updated 3:29 p.m.: Sirius XM (SIRI) has gone through six volatility halts and was up 27% shortly before the close. 
Sirius XM trading is of significant interest to those invested through Liberty Media's (FWONA) stake in the company (LSXMA): Liberty Media wrapped up a split-off of Atlanta Braves Holdings (BATRA) into a separate publicly traded company, meaning that Liberty SiriusXM shares next month will be split into a new Liberty SiriusXM share and 0.25 share of a new Liberty Live tracker for the company's stake in Live Nation (LYV).
Liberty SiriusXM Group (LSXMA) was down 2% shortly before Thursday's close.
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