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 Volume||11,862,191|
|Total Actual Volume||115,253,051|
|Total Volume Discrepancy||92,241,763|
|No Change Days||7|
|Average Volume Discrepancy||4,612,088|
|Average Short Volume||593,109|
|Average Short Percentage||50%|
The Short Trend Indicator
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