Over the past twenty days of trading, Root Inc. (NASDAQ: ROOT), from June 01, 2023 to June 29, 2023 there is a potential Short Squeeze about to happen because of an increase in short volume over the past twenty days with very little cover volume.
Because of this the Squeeze Report trend indicator issued a ROOT Short Squeeze.
Root Inc. (NASDAQ: ROOT) Short Squeeze Analysis
During the last five days of trading, from June 23, 2023 to June 29, 2023 ROOT had a staggering 717,682 shares shorted while trading a total of 4,497,890 shares as show the on ROOT short page.
The last ten days of trading, from June 15, 2023 to June 29, 2023 ROOT had a staggering 2,480,268 shares shorted while trading a total of 17,545,710 shares as show the on ROOT short page.
Over the last twenty days of trading, from June 01, 2023 to June 29, 2023 ROOT had a staggering 2,766,470 shares shorted while trading a total of 18,864,605 shares as show the on ROOT short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 17 short day, 2 days with no change but 1 cover days.
Root Inc. (NASDAQ: ROOT) Short Squeeze Result
The short indicator utilizes several factors before determining a result and because of these indications we have placed a short trend indicator of ROOT Short Squeeze.
Root Inc. (NASDAQ: ROOT) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 2,766,470 |
| Total Actual Volume | 18,864,605 |
| Total Volume Discrepancy | 13,988,490 |
Short Trends
| Cover Days | 1 |
| Short Days | 17 |
| No Change Days | 2 |
Averages
| Average Volume Discrepancy | 699,424 |
| Average Short Volume | 138,323 |
| Average Short Percentage | 59% |
The Short Trend Indicator
Squeeze Reports short trend indicator utilizes several different trading factors including, short data, trade data, short analysis and short probability. So become a member of Squeeze Report if you want to to gain access or know more about the short trend indicator and other short trading tools.
Root Inc. (NASDAQ: ROOT) Chart
Disclaimer
This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of Root Inc. (NASDAQ: ROOT) and does not buy, sell, or trade any shares of ROOT. This article does not provide a professional analysis of a (ROOT) financial position. (ROOT) financial position and all other information regarding the featured Company should be verified directly with (ROOT). Please read our full disclaimer for more detailed information.
