Akorn Inc. (NASDAQ:AKRX) Short Squeeze

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Over the past twenty days of trading, Akorn Inc. (NASDAQ: AKRX), from April 06, 2020 to May 04, 2020 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 AKRX Short Squeeze.


Akorn Inc. (NASDAQ: AKRX) Short Squeeze Analysis

During the last five days of trading, from April 28, 2020 to May 04, 2020 AKRX had a staggering 27,520,357 shares shorted while trading a total of 154,156,870 shares as show the on AKRX short page.

The last ten days of trading, from April 21, 2020 to May 04, 2020 AKRX had a staggering 38,996,855 shares shorted while trading a total of 209,788,013 shares as show the on AKRX short page.

Over the last twenty days of trading, from April 06, 2020 to May 04, 2020 AKRX had a staggering 86,933,822 shares shorted while trading a total of 418,113,284 shares as show the on AKRX short page.

According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 17 short day, 3 days with no change but 0 cover days.


Akorn Inc. (NASDAQ: AKRX) 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 AKRX Short Squeeze.


Akorn Inc. (NASDAQ: AKRX) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume86,933,822
Total Actual Volume418,113,284
Total Volume Discrepancy266,974,386

Short Trends

Cover Days0
Short Days17
No Change Days3

Averages

Average Volume Discrepancy13,348,719
Average Short Volume4,346,691
Average Short Percentage57%

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