Over the past twenty days of trading, Canoo Inc. (NASDAQ: GOEV), from February 28, 2024 to March 26, 2024 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 GOEV Short Squeeze.
Canoo Inc. (NASDAQ: GOEV) Short Squeeze Analysis
During the last five days of trading, from March 20, 2024 to March 26, 2024 GOEV had a staggering 32,665,261 shares shorted while trading a total of 118,550,038 shares as show the on GOEV short page.
The last ten days of trading, from March 13, 2024 to March 26, 2024 GOEV had a staggering 85,251,789 shares shorted while trading a total of 285,760,045 shares as show the on GOEV short page.
Over the last twenty days of trading, from February 28, 2024 to March 26, 2024 GOEV had a staggering 313,142,936 shares shorted while trading a total of 1,061,842,245 shares as show the on GOEV 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 6 short days, 4 days with no change but 0 cover days. The last twenty trading days there were 14 short day, 6 days with no change but 0 cover days.
Canoo Inc. (NASDAQ: GOEV) 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 GOEV Short Squeeze.
Canoo Inc. (NASDAQ: GOEV) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 313,142,936 |
| Total Actual Volume | 1,061,842,245 |
| Total Volume Discrepancy | 464,302,203 |
Short Trends
| Cover Days | 0 |
| Short Days | 14 |
| No Change Days | 6 |
Averages
| Average Volume Discrepancy | 23,215,110 |
| Average Short Volume | 15,657,146 |
| Average Short Percentage | 53% |
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.
Canoo Inc. (NASDAQ: GOEV) Chart
Disclaimer
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