Powerbridge Technologies (NASDAQ: PBTS) stock experienced a significant decline, reaching only 15 cents. However, the stock saw a 70% increase yesterday, followed by a decline today. It is worth noting that this comes just two months after a reverse stock split, which aimed to raise the price above the NASDAQ $1 minimum bid price. The increase in price seemed to attract more attention, but ultimately did not sustain.

In early June, we reported on Powerbridge Technologies, stating that the stock would experience a 3,000% jump at the opening that morning. However, we emphasized that this was not a real price change, but rather a nominal one resulting from the reverse stock split. The split, which occurred at a 30 to 1 ratio, temporarily raised the price above $1.80 on the day we analyzed it.

Looking at the stock price performance from Google Finance, it is evident that the stock has lost 90% of its value since early June, until yesterday's increase. This fluctuation in value is either impressive or unimpressive, depending on one's perspective.

Unfortunately, there is no significant news to explain the decline in stock price or the partial reversal that occurred yesterday. There is also no notable short position that could have contributed to a squeeze. It is possible that some investors saw an opportunity for a dead cat bounce, leading to a momentary increase in price. However, momentum trades like this eventually come to an end, and it is likely that it has already happened. Without any other relevant news, this seems to be a temporary fluctuation that will not last long.