Bionano Genomics Inc. (NASDAQ:BNGO) Short Squeeze

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Over the past twenty days of trading, Bionano Genomics Inc. (NASDAQ: BNGO), from October 15, 2019 to November 11, 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 BNGO Short Squeeze.


Bionano Genomics Inc. (NASDAQ: BNGO) Short Squeeze Analysis

During the last five days of trading, from November 05, 2019 to November 11, 2019 BNGO had a staggering 10,147,917 shares shorted while trading a total of 70,201,387 shares as show the on BNGO short page.

The last ten days of trading, from October 29, 2019 to November 11, 2019 BNGO had a staggering 12,960,520 shares shorted while trading a total of 89,301,904 shares as show the on BNGO short page.

Over the last twenty days of trading, from October 15, 2019 to November 11, 2019 BNGO had a staggering 42,728,036 shares shorted while trading a total of 270,128,365 shares as show the on BNGO 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, 2 days with no change but 1 cover days.


Bionano Genomics Inc. (NASDAQ: BNGO) 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 BNGO Short Squeeze.


Bionano Genomics Inc. (NASDAQ: BNGO) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume42,728,036
Total Actual Volume270,128,365
Total Volume Discrepancy194,839,913

Short Trends

Cover Days1
Short Days17
No Change Days2

Averages

Average Volume Discrepancy9,741,995
Average Short Volume2,136,401
Average Short Percentage54%

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