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 Volume||3,356,894|
|Total Actual Volume||27,187,501|
|Total Volume Discrepancy||18,982,315|
|No Change Days||7|
|Average Volume Discrepancy||949,115|
|Average Short Volume||167,844|
|Average Short Percentage||37%|
The Short Trend Indicator
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