Centennial Resource Development Inc. (NASDAQ:CDEV) Short Squeeze

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Over the past twenty days of trading, Centennial Resource Development Inc. (NASDAQ: CDEV), from November 08, 2019 to December 06, 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 CDEV Short Squeeze.


Centennial Resource Development Inc. (NASDAQ: CDEV) Short Squeeze Analysis

During the last five days of trading, from December 02, 2019 to December 06, 2019 CDEV had a staggering 5,863,852 shares shorted while trading a total of 38,321,631 shares as show the on CDEV short page.

The last ten days of trading, from November 22, 2019 to December 06, 2019 CDEV had a staggering 9,024,031 shares shorted while trading a total of 61,521,700 shares as show the on CDEV short page.

Over the last twenty days of trading, from November 08, 2019 to December 06, 2019 CDEV had a staggering 14,341,050 shares shorted while trading a total of 115,016,250 shares as show the on CDEV short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 cover days. Over the last ten trading days there were 4 short days, 4 days with no change but 2 cover days. The last twenty trading days there were 6 short day, 9 days with no change but 5 cover days.


Centennial Resource Development Inc. (NASDAQ: CDEV) 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 CDEV Short Squeeze.


Centennial Resource Development Inc. (NASDAQ: CDEV) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume14,341,050
Total Actual Volume115,016,250
Total Volume Discrepancy83,759,545

Short Trends

Cover Days5
Short Days6
No Change Days9

Averages

Average Volume Discrepancy4,187,977
Average Short Volume717,052
Average Short Percentage45%

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