Over the past twenty days of trading, Biogen Inc. (NASDAQ: BIIB), from March 20, 2020 to April 17, 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 BIIB Short Squeeze.
Biogen Inc. (NASDAQ: BIIB) Short Squeeze Analysis
During the last five days of trading, from April 13, 2020 to April 17, 2020 BIIB had a staggering 696,767 shares shorted while trading a total of 8,403,734 shares as show the on BIIB short page.
The last ten days of trading, from April 03, 2020 to April 17, 2020 BIIB had a staggering 1,459,896 shares shorted while trading a total of 18,865,361 shares as show the on BIIB short page.
Over the last twenty days of trading, from March 20, 2020 to April 17, 2020 BIIB had a staggering 2,868,277 shares shorted while trading a total of 43,727,311 shares as show the on BIIB short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 5 short days, 4 days with no change but 1 cover days. The last twenty trading days there were 6 short day, 10 days with no change but 4 cover days.
Biogen Inc. (NASDAQ: BIIB) 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 BIIB Short Squeeze.
Biogen Inc. (NASDAQ: BIIB) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||2,868,277|
|Total Actual Volume||43,727,311|
|Total Volume Discrepancy||36,372,564|
|No Change Days||10|
|Average Volume Discrepancy||1,818,628|
|Average Short Volume||143,413|
|Average Short Percentage||42%|
The Short Trend Indicator
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