Over the past twenty days of trading, Bitfarms Ltd. (NASDAQ: BITF), from October 26, 2023 to November 22, 2023 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 BITF Short Squeeze.
Bitfarms Ltd. (NASDAQ: BITF) Short Squeeze Analysis
During the last five days of trading, from November 16, 2023 to November 22, 2023 BITF had a staggering 10,346,487 shares shorted while trading a total of 60,635,127 shares as show the on BITF short page.
The last ten days of trading, from November 09, 2023 to November 22, 2023 BITF had a staggering 19,358,387 shares shorted while trading a total of 120,530,113 shares as show the on BITF short page.
Over the last twenty days of trading, from October 26, 2023 to November 22, 2023 BITF had a staggering 34,169,446 shares shorted while trading a total of 188,559,217 shares as show the on BITF short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 4 days with no change but 0 cover days. Over the last ten trading days there were 2 short days, 7 days with no change but 1 cover days. The last twenty trading days there were 9 short day, 9 days with no change but 2 cover days.
Bitfarms Ltd. (NASDAQ: BITF) 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 BITF Short Squeeze.
Bitfarms Ltd. (NASDAQ: BITF) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 34,169,446 |
| Total Actual Volume | 188,559,217 |
| Total Volume Discrepancy | 116,387,643 |
Short Trends
| Cover Days | 2 |
| Short Days | 9 |
| No Change Days | 9 |
Averages
| Average Volume Discrepancy | 5,819,382 |
| Average Short Volume | 1,708,472 |
| Average Short Percentage | 49% |
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.
Bitfarms Ltd. (NASDAQ: BITF) Chart
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 Bitfarms Ltd. (NASDAQ: BITF) and does not buy, sell, or trade any shares of BITF. This article does not provide a professional analysis of a (BITF) financial position. (BITF) financial position and all other information regarding the featured Company should be verified directly with (BITF). Please read our full disclaimer for more detailed information.
