Over the past twenty days of trading, Bright Minds Biosciences Inc. (NASDAQ: DRUG), from July 26, 2022 to August 29, 2022 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 DRUG Short Squeeze.
Bright Minds Biosciences Inc. (NASDAQ: DRUG) Short Squeeze Analysis
During the last five days of trading, from August 22, 2022 to August 29, 2022 DRUG had a staggering 87,014,802 shares shorted while trading a total of 341,255,189 shares as show the on DRUG short page.
The last ten days of trading, from August 11, 2022 to August 29, 2022 DRUG had a staggering 121,151,335 shares shorted while trading a total of 460,805,404 shares as show the on DRUG short page.
Over the last twenty days of trading, from July 26, 2022 to August 29, 2022 DRUG had a staggering 121,295,859 shares shorted while trading a total of 461,415,952 shares as show the on DRUG 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 6 short days, 1 days with no change but 3 cover days. The last twenty trading days there were 11 short day, 5 days with no change but 4 cover days.
Bright Minds Biosciences Inc. (NASDAQ: DRUG) 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 DRUG Short Squeeze.
Bright Minds Biosciences Inc. (NASDAQ: DRUG) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 121,295,859 |
| Total Actual Volume | 461,415,952 |
| Total Volume Discrepancy | 233,297,865 |
Short Trends
| Cover Days | 4 |
| Short Days | 11 |
| No Change Days | 5 |
Averages
| Average Volume Discrepancy | 11,664,893 |
| Average Short Volume | 6,064,792 |
| 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.
Bright Minds Biosciences Inc. (NASDAQ: DRUG) Chart
Disclaimer
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