Why Is Siyata Mobile Stock (SYTA) Up Today?

Siyata Mobile (SYTA) stock underwent a massive rally on Tuesday, despite a lack of news from the cellular communications company. There were no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the shares are rocketing higher today. Instead, traders will turn to social media to better understand the stock’s surge in price.

Retail traders over on X, formerly Twitter, are excited about SYTA stock today, calling for a short squeeze of the shares. However, Siyata Mobile’s float is 3.02 million shares, with a short interest estimated at 3.19% of the float. That’s not an overly high short interest to warrant calls for a squeeze.

Another thing that traders will keep in mind about Siyata Mobile is that it’s a meme stock. This attracts certain types of traders who are more interested in pumping up a stock and running with the profits. SYTA is also a penny stock, as it was trading for less than $5 per share before today’s rally. Both of these open the shares up to extreme volatility and make them a risky investment.

SYTA Stock Movement Today

SYTA stock soared 63.39% on Tuesday morning, but is still down 33.06% year-to-date. Investors will also note that SYTA shares are down 99.06% over the past 52 weeks. Today’s extreme rally comes alongside heavy trading of Siyata Mobile shares. More than 35 million shares of SYTA stock have changed hands today, compared to a three-month daily average of 6.75 million units.

Is SYTA Stock a Buy, Sell, or Hold?

Turning to Wall Street, analyst coverage of Siyata Mobile is thin, with Maxim Group’s Jack Vander Aarde having a Hold rating for SYTA stock and no set price target. The company’s shares were priced at $1.73 when the analyst updated coverage of them on April 11, 2025.

See more SYTA stock analyst ratings