Canopy Growth Corporation (NYSE:CGC) Short Squeeze

squeeze report news post

Over the past twenty days of trading, Canopy Growth Corporation (NYSE: CGC), from October 21, 2019 to November 15, 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 CGC Short Squeeze.


Canopy Growth Corporation (NYSE: CGC) Short Squeeze Analysis

During the last five days of trading, from November 11, 2019 to November 15, 2019 CGC had a staggering 6,123,407 shares shorted while trading a total of 55,695,198 shares as show the on CGC short page.

The last ten days of trading, from November 04, 2019 to November 15, 2019 CGC had a staggering 8,811,598 shares shorted while trading a total of 81,271,643 shares as show the on CGC short page.

Over the last twenty days of trading, from October 21, 2019 to November 15, 2019 CGC had a staggering 11,862,191 shares shorted while trading a total of 115,253,051 shares as show the on CGC 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 5 short days, 5 days with no change but 0 cover days. The last twenty trading days there were 12 short day, 7 days with no change but 1 cover days.


Canopy Growth Corporation (NYSE: CGC) 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 CGC Short Squeeze.


Canopy Growth Corporation (NYSE: CGC) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume11,862,191
Total Actual Volume115,253,051
Total Volume Discrepancy92,241,763

Short Trends

Cover Days1
Short Days12
No Change Days7

Averages

Average Volume Discrepancy4,612,088
Average Short Volume593,109
Average Short Percentage50%

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