Allogene Therapeutics Inc. (NASDAQ:ALLO) Short Squeeze

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Over the past twenty days of trading, Allogene Therapeutics Inc. (NASDAQ: ALLO), from April 17, 2020 to May 14, 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 ALLO Short Squeeze.


Allogene Therapeutics Inc. (NASDAQ: ALLO) Short Squeeze Analysis

During the last five days of trading, from May 08, 2020 to May 14, 2020 ALLO had a staggering 2,693,100 shares shorted while trading a total of 12,332,646 shares as show the on ALLO short page.

The last ten days of trading, from May 01, 2020 to May 14, 2020 ALLO had a staggering 3,504,849 shares shorted while trading a total of 16,536,387 shares as show the on ALLO short page.

Over the last twenty days of trading, from April 17, 2020 to May 14, 2020 ALLO had a staggering 4,949,898 shares shorted while trading a total of 24,039,337 shares as show the on ALLO 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 16 short day, 3 days with no change but 1 cover days.


Allogene Therapeutics Inc. (NASDAQ: ALLO) 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 ALLO Short Squeeze.


Allogene Therapeutics Inc. (NASDAQ: ALLO) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume4,949,898
Total Actual Volume24,039,337
Total Volume Discrepancy15,717,834

Short Trends

Cover Days1
Short Days16
No Change Days3

Averages

Average Volume Discrepancy785,891
Average Short Volume247,494
Average Short Percentage60%

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