Over the past twenty days of trading, AbbVie Inc. (NYSE: ABBV), from October 29, 2019 to November 25, 2019 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 ABBV Short Squeeze.
AbbVie Inc. (NYSE: ABBV) Short Squeeze Analysis
During the last five days of trading, from November 19, 2019 to November 25, 2019 ABBV had a staggering 723,655 shares shorted while trading a total of 44,982,978 shares as show the on ABBV short page.
The last ten days of trading, from November 12, 2019 to November 25, 2019 ABBV had a staggering 1,891,378 shares shorted while trading a total of 82,167,974 shares as show the on ABBV short page.
Over the last twenty days of trading, from October 29, 2019 to November 25, 2019 ABBV had a staggering 4,393,116 shares shorted while trading a total of 170,712,878 shares as show the on ABBV short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 3 days with no change but 2 cover days. Over the last ten trading days there were 4 short days, 4 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.
AbbVie Inc. (NYSE: ABBV) 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 ABBV Short Squeeze.
AbbVie Inc. (NYSE: ABBV) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||4,393,116|
|Total Actual Volume||170,712,878|
|Total Volume Discrepancy||161,430,781|
|No Change Days||11|
|Average Volume Discrepancy||8,071,539|
|Average Short Volume||219,655|
|Average Short Percentage||47%|
The Short Trend Indicator
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