Yunhong CTI Ltd. (NASDAQ:CTIB) Sees Significant Decrease in Short Interest

Yunhong CTI Ltd. (NASDAQ:CTIBGet Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 11,200 shares, a decrease of 74.4% from the April 15th total of 43,700 shares. Based on an average daily volume of 76,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Separately, StockNews.com began coverage on Yunhong CTI in a research report on Thursday, May 5th. They issued a “hold” rating on the stock.

An institutional investor recently raised its position in Yunhong CTI stock. Citadel Advisors LLC raised its stake in Yunhong CTI Ltd. (NASDAQ:CTIBGet Rating) by 164.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,471 shares of the industrial products company’s stock after acquiring an additional 16,454 shares during the period. Citadel Advisors LLC owned about 0.45% of Yunhong CTI worth $52,000 as of its most recent SEC filing. 4.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CTIB opened at $0.78 on Thursday. The business’s fifty day moving average price is $1.00 and its two-hundred day moving average price is $1.21. Yunhong CTI has a fifty-two week low of $0.75 and a fifty-two week high of $3.41.

Yunhong CTI Company Profile (Get Rating)

Yunhong CTI Ltd. develops, produces, distributes, and sells consumer products in the United States and internationally. It offers novelty products, including foil balloons; latex balloons under the Partyloons name; and toy balloon products, which include punch balls, water bombs, and Animal Twisties, as well as other inflatable toy items.

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