ASX stock of the day: Nitro Software (ASX:NTO) shares rocket 11%

The Nitro Software Ltd (ASX: NTO) share price is on fire today. Nitro shares have rocketed 11.36% higher at the time of writing to $2.94 a share after closing at $2.64 yesterday and opening at $2.68 this morning. But at one point today, the Nitro share price was all the way up to $3.02, a rise of more than 14%. Today’s moves continue the momentum that Nitro Software has been enjoying since early March. Since 9 March, Nitro shares are up roughly 30%. Not bad for a month’s work. The shares are also up ~125% over the past 12 months, although they are also close to 20% off the nitro 52-week high of $3.66 that we saw in October last year.

So…