Over the past twenty days of trading, Bausch Health Companies Inc. (NYSE: BHC), from November 21, 2019 to December 19, 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 BHC Short Squeeze.
Bausch Health Companies Inc. (NYSE: BHC) Short Squeeze Analysis
During the last five days of trading, from December 13, 2019 to December 19, 2019 BHC had a staggering 835,839 shares shorted while trading a total of 21,643,497 shares as show the on BHC short page.
The last ten days of trading, from December 06, 2019 to December 19, 2019 BHC had a staggering 1,543,534 shares shorted while trading a total of 53,633,061 shares as show the on BHC short page.
Over the last twenty days of trading, from November 21, 2019 to December 19, 2019 BHC had a staggering 2,801,101 shares shorted while trading a total of 85,651,055 shares as show the on BHC short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 3 days with no change but 2 cover days. Over the last ten trading days there were 2 short days, 5 days with no change but 3 cover days. The last twenty trading days there were 6 short day, 10 days with no change but 4 cover days.
Bausch Health Companies Inc. (NYSE: BHC) 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 BHC Short Squeeze.
Bausch Health Companies Inc. (NYSE: BHC) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||2,801,101|
|Total Actual Volume||85,651,055|
|Total Volume Discrepancy||79,032,541|
|No Change Days||10|
|Average Volume Discrepancy||3,951,627|
|Average Short Volume||140,055|
|Average Short Percentage||45%|
The Short Trend Indicator
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