Over the past twenty days of trading, Pacira Pharmaceuticals Inc. (NASDAQ: PCRX), from June 05, 2024 to July 03, 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 PCRX Short Squeeze.
Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) Short Squeeze Analysis
During the last five days of trading, from June 27, 2024 to July 03, 2024 PCRX had a staggering 3,476,668 shares shorted while trading a total of 13,673,110 shares as show the on PCRX short page.
The last ten days of trading, from June 20, 2024 to July 03, 2024 PCRX had a staggering 4,334,509 shares shorted while trading a total of 18,886,378 shares as show the on PCRX short page.
Over the last twenty days of trading, from June 05, 2024 to July 03, 2024 PCRX had a staggering 5,475,638 shares shorted while trading a total of 25,437,883 shares as show the on PCRX short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 11 short day, 8 days with no change but 1 cover days.
Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) 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 PCRX Short Squeeze.
Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) Short Squeeze Data
Twenty Day trading Totals
Total Shorted Volume 5,475,638
Total Actual Volume 25,437,883
Total Volume Discrepancy 15,677,948
Short Trends
Cover Days 1
Short Days 11
No Change Days 8
Averages
Average Volume Discrepancy 783,897
Average Short Volume 273,781
Average Short Percentage 53%
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.
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