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 Volume||86,933,822|
|Total Actual Volume||418,113,284|
|Total Volume Discrepancy||266,974,386|
|No Change Days||3|
|Average Volume Discrepancy||13,348,719|
|Average Short Volume||4,346,691|
|Average Short Percentage||57%|
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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