PETZ Stock Price Increases Over 200% Pre-Market: Why It Happened

By Amit Chowdhry ● Feb 17, 2021
  • The stock price of TDH Holdings Inc (NASDAQ: PETZ) is trading at over 200% pre-market. This is why it happened.

The stock price of TDH Holdings Inc (NASDAQ: PETZ) is trading at over 200% pre-market. There is no direct news from the company and no new SEC filings so it appears that there are external factors at play.

On social media platforms like StockTwits, Twitter, and Facebook Groups, I noticed that there has been an uptick in discussions about a short squeeze opportunity for days traders with PETZ as the stock has a low float.

Low float stocks can be targeted for short squeezes due to the lack of liquidity and this causes the stock price to spike with little volume and the inability to find short inventory. These types of trades are considered very high risk.

A similar situation happened to GameStop’s stock in January by Reddit users who were active in the “r/WallStreetBets” subreddit.

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