Shares of Match Group Inc. rallied 1.9% in afternoon trade Tuesday, as investors adjusted positions ahead of the company’s first-quarter results due out after the close. Match operates a host of online data platforms. MKM Partners derivatives strategist Jim Strugger said the stock’s set up looks “interesting.” He said the company has the third-highest short interest as a percent of public float, with the stock down nearly 25% this month since Facebook Inc. announced it would add dating and relationship features, but consensus analyst estimates of first-quarter earnings per share have moved steadily higher. Short interest is the number of shares sold short, or have been bet that prices will decline, while the float is shares available for public trading. Match’s stock has rallied on the day after the past three earnings reports, by an average of 7.5%, according to FactSet. “Short interest as a percent of float at 55% could certainly provide an additional positive catalyst if earnings are in line or better,” Strugger wrote in a note to clients. He said options currently imply a 12.1% one-day post-earnings move. The stock has gained 7.4% over the past three months, while the S&P 500 has tacked on 3.3%.