Over the past twenty days of trading, Cloudflare Inc – Class A (NYSE: NET), from August 31, 2023 to September 28, 2023 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 NET Short Squeeze.
Cloudflare Inc – Class A (NYSE: NET) Short Squeeze Analysis
During the last five days of trading, from September 22, 2023 to September 28, 2023 NET had a staggering 171,416 shares shorted while trading a total of 22,989,771 shares as show the on NET short page.
The last ten days of trading, from September 15, 2023 to September 28, 2023 NET had a staggering 265,200 shares shorted while trading a total of 43,789,649 shares as show the on NET short page.
Over the last twenty days of trading, from August 31, 2023 to September 28, 2023 NET had a staggering 445,955 shares shorted while trading a total of 68,107,388 shares as show the on NET 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 7 short days, 1 days with no change but 2 cover days. The last twenty trading days there were 13 short day, 3 days with no change but 4 cover days.
Cloudflare Inc – Class A (NYSE: NET) 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 NET Short Squeeze.
Cloudflare Inc – Class A (NYSE: NET) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||445,955|
|Total Actual Volume||68,107,388|
|Total Volume Discrepancy||67,371,461|
|No Change Days||3|
|Average Volume Discrepancy||3,368,573|
|Average Short Volume||22,297|
|Average Short Percentage||54%|
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.
Cloudflare Inc – Class A (NYSE: NET) Chart
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