|Bid||2.1400 x 2200|
|Ask||0.0000 x 2900|
|Day's Range||2.0700 - 2.1650|
|52 Week Range||1.5300 - 5.6400|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Every investor in Qutoutiao Inc. ( NASDAQ:QTT ) should be aware of the most powerful shareholder groups. Institutions...
Shares of Qutoutiao (NASDAQ: QTT) rose 92.5% in January, according to data from S&P Global Market Intelligence. The stock appears to have benefited from short-squeeze mania initially kicked off by huge gains for GameStop, AMC Entertainment, and other beaten-down companies that had large bearish positions staked against them. Qutoutiao experienced a surge of trading volume as some investors poured into beaten-down stocks with substantial short interest.
Shares of Qutoutiao (NASDAQ: QTT) were soaring today even though there was no news on the Chinese mobile entertainment company. Qutoutiao stock had been hit hard in December; the company had struggled since July, when Chinese state television (China Central Television, or CCTV) accused the company of selling suspicious ads with false information at an awards show. About 12% of Qutoutiao shares were sold short as of the end of December, and many of those bears likely closed out their bets on Qutoutiao.