TechCreate shares surge 91.06% intraday amid parabolic rally, short squeeze, and speculative trading amid no material news.

TechCreate surged 91.06% intraday after continuing its parabolic rally driven by speculative trading and no material corporate news. The Singapore-based payment software company’s stock had already spiked 889% on Thursday, prompting a statement denying undisclosed information, yet momentum persisted into Friday’s session. With over $280 million in trading volume and a short float of roughly 25%, the surge reflects intense retail and institutional speculation, exacerbated by heightened volatility and limited liquidity. The company reiterated it had no material nonpublic updates, underscoring the move’s speculative nature. Pre-market gains of 118% on Friday further amplified the intraday rally, as traders navigated a lack of catalysts and potential exchange scrutiny.