Antelope Enterprise (NASDAQ:AEHL) stock is on the move Monday as retail traders see it as a target for a short squeeze.
Retail traders are taking to social media today to talk about the potential of AEHL stock. That includes speculation that it could soar higher due to its short interest and other factors affecting the shares.
Let’s dive into that thought process below with a look at what some retail traders are saying about AEHL stock on Monday.
AEHL Stock: Why Retail Traders Are Betting on a Short Squeeze
$AEHL looks to have a potential breakout coming. Support around $3, hoping it falls under the 200sma to allow for a cheap entry. I’ll be keeping this one on watch, first target is around $3.75 in the coming weeks. Keep an eye on it though if it falls through $3 for the next entry pic.twitter.com/8qsmWhe851
— Baja Freeze (@BajaFreezy) July 12, 2021
— 🐐 (@17xChampion) July 11, 2021
— Warren Puffett (@warrenpuffettt) July 12, 2021
— Jay Trades (@DayJayTrades) July 11, 2021
$AEHL bought a starter. Looks like it is reversing and could make a run back over the $7.70 with the right catalyst! Over 15% short and a 2 million float 🚨🚀💵 $SQBG $TYHT $CARV pic.twitter.com/zlXuJFDGwW
— ChefChefTrader (@MarkJassoMKE) July 9, 2021
It’s worth pointing out that this isn’t the first time that AEHL stock has been targeted by retail investors for a short squeeze. A similar event happened last month. That saw shares rocket higher for a few days before falling back to normal trading levels. Investors curious about Antelope Enterprise and what it does can follow this link.
The short squeeze seems to be in full effect as shares of AEHL stock are seeing heavy trading today. As of this writing, more than 24 million shares of the stock have changed hands. That’s a major jump compared to the company’s daily average trading volume of 1.2 million shares.
AEHL stock was up 19.5% as of Monday morning and is up 63.8% since the start of the year.
Retail traders are busy today and that means there’s plenty of other stock market news worth checking out.
Fortunately for traders, InvestorPlace.com has all the latest stock market news they need to know about. That includes day traders boosting Tempest Therapeutics (NASDAQ:TPST) higher, SGOCO Group (NASDAQ:SGOC) joining a meme stock rally, as well as several space stocks rising higher today. You can learn all about these subjects by following the links below!
More Stock Market News for Monday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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