Why Qutoutiao Shares Spiked 61% Today

Qutoutiao Inc (NASDAQ: QTT) shares closed over 61% higher today. 

What Happened: No singular news event prompted the surge in the stock of the Shanghai-based mobile entertainment firm and technical factors were more likely responsible.

A short squeeze was the likely reason behind the jump in the Qutoutiao stock, according …

Full story available on Benzinga.com

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