3.5700 +0.12 (3.48%)
After hours: 7:58PM EST
|Bid||3.5400 x 3100|
|Ask||3.5700 x 3200|
|Day's range||3.4000 - 3.7500|
|52-week range||1.5300 - 6.5500|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||N/A|
|Earnings date||16 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.59|
Shares of Qutoutiao (NASDAQ: QTT) were soaring today even though there was no news on the Chinese mobile entertainment company. Qutoutiao stock had been hit hard in December; the company had struggled since July, when Chinese state television (China Central Television, or CCTV) accused the company of selling suspicious ads with false information at an awards show. About 12% of Qutoutiao shares were sold short as of the end of December, and many of those bears likely closed out their bets on Qutoutiao.
Shares of Qutoutiao (NASDAQ: QTT), the Chinese content aggregator, were sliding after the company issued a disappointing third-quarter earnings report today. The company has been struggling to recover after the state-owned China Central Television (CCTV) network accused Qutoutiao of selling suspicious ads with false information at a high-profile consumer rights show back in July. Qutoutiao saw both monthly active users and daily active users fall in the quarter as the company's app was removed from several major Android app stores for two weeks in July, in the aftermath of CCTV's accusations.
Hello, ladies and gentlemen, thank you for standing by for the Third Quarter 2020 Earnings Conference Call for the Qutoutiao Inc. At this time, all participants will be in a listen-only mode. Welcome everyone to the third quarter of 2020 earnings conference call of Qutoutiao Inc. The company's financial and operational results were released via Newswire services earlier today and have been made available online. Participants on today's call will include our CEO, Mr. Eric Tan and our CFO, Mr. Xiaolu Zhu.