Chembio Diagnostics Inc. (NASDAQ:CEMI) Short Squeeze

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Over the past twenty days of trading, Chembio Diagnostics Inc. (NASDAQ: CEMI), from October 10, 2019 to April 07, 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 CEMI Short Squeeze.


Chembio Diagnostics Inc. (NASDAQ: CEMI) Short Squeeze Analysis

During the last five days of trading, from April 01, 2020 to April 07, 2020 CEMI had a staggering 2,883,712 shares shorted while trading a total of 17,126,909 shares as show the on CEMI short page.

The last ten days of trading, from March 25, 2020 to April 07, 2020 CEMI had a staggering 3,360,770 shares shorted while trading a total of 20,601,259 shares as show the on CEMI short page.

Over the last twenty days of trading, from October 10, 2019 to April 07, 2020 CEMI had a staggering 3,876,856 shares shorted while trading a total of 24,314,386 shares as show the on CEMI short page.

According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 2 days with no change but 1 cover days. The last twenty trading days there were 11 short day, 4 days with no change but 5 cover days.


Chembio Diagnostics Inc. (NASDAQ: CEMI) 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 CEMI Short Squeeze.


Chembio Diagnostics Inc. (NASDAQ: CEMI) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume3,876,856
Total Actual Volume24,314,386
Total Volume Discrepancy17,543,661

Short Trends

Cover Days5
Short Days11
No Change Days4

Averages

Average Volume Discrepancy877,183
Average Short Volume193,842
Average Short Percentage48%

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