CTIB Stock Price Increases Over 50% Pre-Market: Why It Happened

By Amit Chowdhry ● February 23, 2021
  • The stock price of Yunhong CTI Ltd (NASDAQ: CTIB) is trading at over 50% pre-market. This is why it happened.

The stock price of Yunhong CTI Ltd (NASDAQ: CTIB) is trading at over 50% pre-market. The company does not have any new announcements or notable SEC reports so it appears that there are external factors at play.

After reviewing several social media platforms like Reddit, StockTwits, Twitter, and Facebook Groups, it appears that there is a coordinated short squeeze happening today. Investors on those platforms cited the company’s low float as an opportunity.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.