Why Qutoutiao Stock Skyrocketed 92.5% in January
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. Even after the recent surge and continued gains in February, the Chinese digital media company's share price trades down roughly 30.5% over the last year.
Source Fool.com
