Yunhong CTI Ltd. (NASDAQ:CTIB) Short Interest Update

Yunhong CTI Ltd. (NASDAQ:CTIB) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 24,200 shares, an increase of 23.5% from the August 15th total of 19,600 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 21,000 shares, the short-interest ratio is currently 1.2 days.

Yunhong CTI Trading Up 9.9 %

Shares of Yunhong CTI stock traded up $0.18 during mid-day trading on Monday, hitting $2.00. 99,451 shares of the stock were exchanged, compared to its average volume of 34,771. Yunhong CTI has a twelve month low of $0.33 and a twelve month high of $2.18. The stock has a market capitalization of $40.20 million, a price-to-earnings ratio of -16.67 and a beta of 0.95. The company has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.75.

Yunhong CTI (NASDAQ:CTIB) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. Yunhong CTI had a negative return on equity of 32.60% and a negative net margin of 4.72%. The firm had revenue of $4.06 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Yunhong CTI in a research note on Wednesday, September 13th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Yunhong CTI

Several hedge funds have recently modified their holdings of CTIB. Citadel Advisors LLC boosted its position in shares of Yunhong CTI by 151.5% in the second quarter. Citadel Advisors LLC now owns 34,876 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 21,009 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Yunhong CTI by 240.5% in the second quarter. Geode Capital Management LLC now owns 35,601 shares of the industrial products company’s stock worth $70,000 after acquiring an additional 25,145 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Yunhong CTI in the second quarter worth approximately $40,000. Finally, Renaissance Technologies LLC boosted its position in shares of Yunhong CTI by 19.8% in the first quarter. Renaissance Technologies LLC now owns 166,566 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 27,500 shares during the last quarter. 1.89% of the stock is owned by institutional investors and hedge funds.

Yunhong CTI Company Profile

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 balloons twisted into shapes, as well as other inflatable toy items.