Adverum Biotechnologies Inc. (NASDAQ:ADVM) Short Squeeze

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Over the past twenty days of trading, Adverum Biotechnologies Inc. (NASDAQ: ADVM), from September 27, 2019 to October 24, 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 ADVM Short Squeeze.


Adverum Biotechnologies Inc. (NASDAQ: ADVM) Short Squeeze Analysis

During the last five days of trading, from October 18, 2019 to October 24, 2019 ADVM had a staggering 381,364 shares shorted while trading a total of 4,406,066 shares as show the on ADVM short page.

The last ten days of trading, from October 11, 2019 to October 24, 2019 ADVM had a staggering 2,132,676 shares shorted while trading a total of 15,226,551 shares as show the on ADVM short page.

Over the last twenty days of trading, from September 27, 2019 to October 24, 2019 ADVM had a staggering 3,356,894 shares shorted while trading a total of 27,187,501 shares as show the on ADVM short page.

According to our proprietary algorithm during the last five trading days there were 1 short days, 1 days with no change but 3 cover days. Over the last ten trading days there were 2 short days, 4 days with no change but 4 cover days. The last twenty trading days there were 3 short day, 7 days with no change but 10 cover days.


Adverum Biotechnologies Inc. (NASDAQ: ADVM) 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 ADVM Short Squeeze.


Adverum Biotechnologies Inc. (NASDAQ: ADVM) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume3,356,894
Total Actual Volume27,187,501
Total Volume Discrepancy18,982,315

Short Trends

Cover Days10
Short Days3
No Change Days7

Averages

Average Volume Discrepancy949,115
Average Short Volume167,844
Average Short Percentage37%

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.


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 Adverum Biotechnologies Inc. (NASDAQ: ADVM) and doed not buy, sell, or trade any shares of ADVM. This article does not provide a professional analysis of a (ADVM) financial position. (ADVM) financial position and all other information regarding the featured Company should be verified directly with (ADVM). Please read our full disclaimer for more detailed information.