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 Volume||3,876,856|
|Total Actual Volume||24,314,386|
|Total Volume Discrepancy||17,543,661|
|No Change Days||4|
|Average Volume Discrepancy||877,183|
|Average Short Volume||193,842|
|Average Short Percentage||48%|
The Short Trend Indicator
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