Antelope Enterprise Holdings Ltd. (NASDAQ:AEHL) shares surged 75.03% to $1.13 after the bell on Tuesday.

The jump in the late trading session follows an intraday decline of 2.61%, which closed the stock at $0.65.

Volume Explodes to 47 Times Average

AEHL experienced an exceptionally elevated trading session on Tuesday. Volume reached 25.71 million shares, nearly 47 times the stock’s average daily volume of 542.86 thousand shares.

Short interest in the stock of the livestreaming e-commerce company stood at 0.15%, suggesting the rally was not driven by a short squeeze.