TechCreate shares surge 129.28% after hours amid speculative retail trading and meme stock momentum.

TechCreate Group (TCGL) surged 129.28% in after-hours trading amid speculative momentum and short-covering dynamics. The stock, which had already rallied 889% on Thursday, saw continued buying pressure driven by retail investor speculation and a high short interest ratio (25% of float shorted). Management explicitly denied material undisclosed information, signaling a lack of fundamental catalysts. The parabolic move aligns with a meme-stock pattern, exacerbated by extreme volatility and liquidity gaps, as $280 million traded in a single session—24x its average volume. Analysts attribute the surge to short squeezes and retail-driven hype rather than operational or strategic updates, with valuation metrics (e.g., 72.59 price-to-sales) highlighting speculative overvaluation.