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Yelp Shares Leap to All-Time High

Yelp Inc.'s (YELP) surging revenue growth has piqued investors' interest, setting an all-time high for shares of a company that has yet to report an outright profit.Stock-based compensation drove the local reviews service to another loss in the first quarter, but observers latched onto the company's improving core profit and soaring revenue, which prompted management to lift its sales estimate for the year.Shares rocketed as high as 27% to $32.14 Thursday, well above its $15 initial public offering price. The stock has taken a rollercoaster path since its market debut in early 2012, sinking as low as $14.10 earlier in its brief history.Thursday's rally might have benefited from panicking short-sellers, who held roughly 23% of Yelp's available shares last month. Short-sellers bet that a company's share price will weaken; when its value instead improves, traders often accelerate the rally by abandoning their positions to cut their losses.Yelp's $2.2 billion market capitalization--accordi...

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