BlackLine Inc. (NASDAQ:BL) Short Squeeze

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Over the past twenty days of trading, BlackLine Inc. (NASDAQ: BL), from October 25, 2019 to November 21, 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 BL Short Squeeze.


BlackLine Inc. (NASDAQ: BL) Short Squeeze Analysis

During the last five days of trading, from November 15, 2019 to November 21, 2019 BL had a staggering 174,447 shares shorted while trading a total of 1,813,596 shares as show the on BL short page.

The last ten days of trading, from November 08, 2019 to November 21, 2019 BL had a staggering 505,344 shares shorted while trading a total of 3,918,253 shares as show the on BL short page.

Over the last twenty days of trading, from October 25, 2019 to November 21, 2019 BL had a staggering 1,412,009 shares shorted while trading a total of 8,305,137 shares as show the on BL short page.

According to our proprietary algorithm during the last five trading days there were 0 short days, 4 days with no change but 1 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 11 short day, 6 days with no change but 3 cover days.


BlackLine Inc. (NASDAQ: BL) 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 BL Short Squeeze.


BlackLine Inc. (NASDAQ: BL) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume1,412,009
Total Actual Volume8,305,137
Total Volume Discrepancy5,585,917

Short Trends

Cover Days3
Short Days11
No Change Days6

Averages

Average Volume Discrepancy279,295
Average Short Volume70,600
Average Short Percentage53%

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