Over the past twenty days of trading, Coherus BioSciences Inc. (NASDAQ: CHRS), from September 20, 2019 to October 17, 2019 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 CHRS Short Squeeze.
Coherus BioSciences Inc. (NASDAQ: CHRS) Short Squeeze Analysis
During the last five days of trading, from October 11, 2019 to October 17, 2019 CHRS had a staggering 609,918 shares shorted while trading a total of 6,758,440 shares as show the on CHRS short page.
The last ten days of trading, from October 04, 2019 to October 17, 2019 CHRS had a staggering 1,380,914 shares shorted while trading a total of 15,821,086 shares as show the on CHRS short page.
Over the last twenty days of trading, from September 20, 2019 to October 17, 2019 CHRS had a staggering 3,180,542 shares shorted while trading a total of 29,536,130 shares as show the on CHRS short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 2 days with no change but 3 cover days. Over the last ten trading days there were 0 short days, 2 days with no change but 8 cover days. The last twenty trading days there were 2 short day, 6 days with no change but 12 cover days.
Coherus BioSciences Inc. (NASDAQ: CHRS) 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 CHRS Short Squeeze.
Coherus BioSciences Inc. (NASDAQ: CHRS) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||3,180,542|
|Total Actual Volume||29,536,130|
|Total Volume Discrepancy||19,277,122|
|No Change Days||6|
|Average Volume Discrepancy||963,856|
|Average Short Volume||159,027|
|Average Short Percentage||33%|
The Short Trend Indicator
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