GigaCloud Technology (NASDAQ: GCT) stock is making big gains in Monday's trading. The company's share price was up 18.5% as of 2 p.m. ET, according to data from S&P Global Market Intelligence.

While there doesn't seem to be any business-specific news driving GigaCloud's share price higher, the stock appears to be benefiting from a short squeeze. The company's share price is now up roughly 64% over the last month, and it's possible that momentum will continue to send the company's stock higher in the short term.

In September, Culper Research published a bearish note on GigaCloud stock. The short seller stated that GigaCloud exhibited "classic hallmarks of past 'China Hustle' implosions: Cayman incorporation, Chinese auditor, cash held offshore despite U.S. operations and USD financial statements, and very little interest income despite supposedly large cash balances." GigaCloud then published its own note rebutting the short-seller's claims.

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Source Fool.com