Chegg Inc. (NYSE:CHGG) Short Squeeze

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Over the past twenty days of trading, Chegg Inc. (NYSE: CHGG), from April 07, 2020 to May 05, 2020 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 CHGG Short Squeeze.


Chegg Inc. (NYSE: CHGG) Short Squeeze Analysis

During the last five days of trading, from April 29, 2020 to May 05, 2020 CHGG had a staggering 4,092,127 shares shorted while trading a total of 47,396,586 shares as show the on CHGG short page.

The last ten days of trading, from April 22, 2020 to May 05, 2020 CHGG had a staggering 4,165,972 shares shorted while trading a total of 55,383,914 shares as show the on CHGG short page.

Over the last twenty days of trading, from April 07, 2020 to May 05, 2020 CHGG had a staggering 4,354,603 shares shorted while trading a total of 73,885,480 shares as show the on CHGG short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 1 days with no change but 2 cover days. Over the last ten trading days there were 4 short days, 3 days with no change but 3 cover days. The last twenty trading days there were 6 short day, 11 days with no change but 3 cover days.


Chegg Inc. (NYSE: CHGG) 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 CHGG Short Squeeze.


Chegg Inc. (NYSE: CHGG) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume4,354,603
Total Actual Volume73,885,480
Total Volume Discrepancy66,303,030

Short Trends

Cover Days3
Short Days6
No Change Days11

Averages

Average Volume Discrepancy3,315,151
Average Short Volume217,730
Average Short Percentage44%

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