Coherus BioSciences Inc. (NASDAQ:CHRS) Short Squeeze

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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 Volume3,180,542
Total Actual Volume29,536,130
Total Volume Discrepancy19,277,122

Short Trends

Cover Days12
Short Days2
No Change Days6

Averages

Average Volume Discrepancy963,856
Average Short Volume159,027
Average Short Percentage33%

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