Over the past twenty days of trading, BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN), from August 25, 2023 to September 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 BCAN Short Squeeze.
BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) Short Squeeze Analysis
During the last five days of trading, from September 18, 2023 to September 22, 2023 BCAN had a staggering 121,809 shares shorted while trading a total of 481,552 shares as show the on BCAN short page.
The last ten days of trading, from September 11, 2023 to September 22, 2023 BCAN had a staggering 171,271 shares shorted while trading a total of 672,620 shares as show the on BCAN short page.
Over the last twenty days of trading, from August 25, 2023 to September 22, 2023 BCAN had a staggering 248,256 shares shorted while trading a total of 1,091,448 shares as show the on BCAN 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 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 10 short day, 5 days with no change but 5 cover days.
BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) 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 BCAN Short Squeeze.
BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 248,256 |
| Total Actual Volume | 1,091,448 |
| Total Volume Discrepancy | 615,190 |
Short Trends
| Cover Days | 5 |
| Short Days | 10 |
| No Change Days | 5 |
Averages
| Average Volume Discrepancy | 30,759 |
| Average Short Volume | 12,412 |
| Average Short Percentage | 50% |
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.
BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) 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 BYND Cannasoft Enterprises Inc. (NASDAQ: BCAN) and does not buy, sell, or trade any shares of BCAN. This article does not provide a professional analysis of a (BCAN) financial position. (BCAN) financial position and all other information regarding the featured Company should be verified directly with (BCAN). Please read our full disclaimer for more detailed information.
