Cinedigm Corp (NASDAQ:CIDM) Short Squeeze

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Over the past twenty days of trading, Cinedigm Corp (NASDAQ: CIDM), from May 07, 2020 to June 04, 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 CIDM Short Squeeze.


Cinedigm Corp (NASDAQ: CIDM) Short Squeeze Analysis

During the last five days of trading, from May 29, 2020 to June 04, 2020 CIDM had a staggering 53,893,674 shares shorted while trading a total of 290,302,254 shares as show the on CIDM short page.

The last ten days of trading, from May 21, 2020 to June 04, 2020 CIDM had a staggering 58,854,574 shares shorted while trading a total of 321,911,816 shares as show the on CIDM short page.

Over the last twenty days of trading, from May 07, 2020 to June 04, 2020 CIDM had a staggering 73,350,829 shares shorted while trading a total of 412,644,262 shares as show the on CIDM short page.

According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 11 short day, 4 days with no change but 5 cover days.


Cinedigm Corp (NASDAQ: CIDM) 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 CIDM Short Squeeze.


Cinedigm Corp (NASDAQ: CIDM) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume73,350,829
Total Actual Volume412,644,262
Total Volume Discrepancy295,395,907

Short Trends

Cover Days5
Short Days11
No Change Days4

Averages

Average Volume Discrepancy14,769,795
Average Short Volume3,667,541
Average Short Percentage46%

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