Over the past twenty days of trading, Pure Storage Inc. Class A (NYSE: PSTG), from June 04, 2024 to July 02, 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 PSTG Short Squeeze.
Pure Storage Inc. Class A (NYSE: PSTG) Short Squeeze Analysis
During the last five days of trading, from June 26, 2024 to July 02, 2024 PSTG had a staggering 71,449 shares shorted while trading a total of 16,599,885 shares as show the on PSTG short page.
The last ten days of trading, from June 18, 2024 to July 02, 2024 PSTG had a staggering 132,685 shares shorted while trading a total of 41,759,655 shares as show the on PSTG short page.
Over the last twenty days of trading, from June 04, 2024 to July 02, 2024 PSTG had a staggering 315,786 shares shorted while trading a total of 73,764,249 shares as show the on PSTG short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 0 days with no change but 1 cover days. Over the last ten trading days there were 6 short days, 2 days with no change but 2 cover days. The last twenty trading days there were 13 short day, 5 days with no change but 2 cover days.
Pure Storage Inc. Class A (NYSE: PSTG) 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 PSTG Short Squeeze.
Pure Storage Inc. Class A (NYSE: PSTG) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 315,786 |
| Total Actual Volume | 73,764,249 |
| Total Volume Discrepancy | 73,213,640 |
Short Trends
| Cover Days | 2 |
| Short Days | 13 |
| No Change Days | 5 |
Averages
| Average Volume Discrepancy | 3,660,682 |
| Average Short Volume | 15,789 |
| Average Short Percentage | 57% |
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.
Pure Storage Inc. Class A (NYSE: PSTG) Chart
Disclaimer
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