Over the past twenty days of trading, Direxion Daily S&P 500 Bear 3X (NYSE: SPXS), from February 23, 2024 to March 21, 2024 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 SPXS Short Squeeze.
Direxion Daily S&P 500 Bear 3X (NYSE: SPXS) Short Squeeze Analysis
During the last five days of trading, from March 15, 2024 to March 21, 2024 SPXS had a staggering 1,938,594 shares shorted while trading a total of 118,089,516 shares as show the on SPXS short page.
The last ten days of trading, from March 08, 2024 to March 21, 2024 SPXS had a staggering 3,539,138 shares shorted while trading a total of 249,271,103 shares as show the on SPXS short page.
Over the last twenty days of trading, from February 23, 2024 to March 21, 2024 SPXS had a staggering 6,781,097 shares shorted while trading a total of 464,762,499 shares as show the on SPXS short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 2 short days, 6 days with no change but 2 cover days. The last twenty trading days there were 7 short day, 11 days with no change but 2 cover days.
Direxion Daily S&P 500 Bear 3X (NYSE: SPXS) 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 SPXS Short Squeeze.
Direxion Daily S&P 500 Bear 3X (NYSE: SPXS) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 6,781,097 |
| Total Actual Volume | 464,762,499 |
| Total Volume Discrepancy | 450,034,601 |
Short Trends
| Cover Days | 2 |
| Short Days | 7 |
| No Change Days | 11 |
Averages
| Average Volume Discrepancy | 22,501,730 |
| Average Short Volume | 339,054 |
| Average Short Percentage | 46% |
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.
Direxion Daily S&P 500 Bear 3X (NYSE: SPXS) Chart
Disclaimer
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