Cloudflare Inc – Class A (NYSE:NET) Short Squeeze 2024-02-09

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Over the past twenty days of trading, Cloudflare Inc – Class A (NYSE: NET), from January 11, 2024 to February 08, 2024 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 February 02, 2024 to February 08, 2024 NET had a staggering 262,122 shares shorted while trading a total of 32,718,031 shares as show the on NET short page.

The last ten days of trading, from January 26, 2024 to February 08, 2024 NET had a staggering 356,742 shares shorted while trading a total of 46,936,751 shares as show the on NET short page.

Over the last twenty days of trading, from January 11, 2024 to February 08, 2024 NET had a staggering 569,201 shares shorted while trading a total of 75,152,518 shares as show the on NET 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 5 short days, 5 days with no change but 0 cover days. The last twenty trading days there were 11 short day, 8 days with no change but 1 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 Volume569,201
Total Actual Volume75,152,518
Total Volume Discrepancy74,105,613

Short Trends

Cover Days1
Short Days11
No Change Days8

Averages

Average Volume Discrepancy3,705,280
Average Short Volume28,460
Average Short Percentage53%

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


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