Bright Minds Biosciences Inc. (NASDAQ:DRUG) Short Squeeze 2022-08-31

squeeze report news post

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 Volume121,295,859
Total Actual Volume461,415,952
Total Volume Discrepancy233,297,865

Short Trends

Cover Days4
Short Days11
No Change Days5

Averages

Average Volume Discrepancy11,664,893
Average Short Volume6,064,792
Average Short Percentage49%

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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