Comtech Telecommunications Corp. (NASDAQ:CMTL) Short Squeeze

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Over the past twenty days of trading, Comtech Telecommunications Corp. (NASDAQ: CMTL), from May 11, 2020 to June 08, 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 CMTL Short Squeeze.


Comtech Telecommunications Corp. (NASDAQ: CMTL) Short Squeeze Analysis

During the last five days of trading, from June 02, 2020 to June 08, 2020 CMTL had a staggering 614,327 shares shorted while trading a total of 4,245,987 shares as show the on CMTL short page.

The last ten days of trading, from May 26, 2020 to June 08, 2020 CMTL had a staggering 809,209 shares shorted while trading a total of 6,053,425 shares as show the on CMTL short page.

Over the last twenty days of trading, from May 11, 2020 to June 08, 2020 CMTL had a staggering 1,128,157 shares shorted while trading a total of 9,146,708 shares as show the on CMTL short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 cover days. Over the last ten trading days there were 4 short days, 5 days with no change but 1 cover days. The last twenty trading days there were 5 short day, 11 days with no change but 4 cover days.


Comtech Telecommunications Corp. (NASDAQ: CMTL) 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 CMTL Short Squeeze.


Comtech Telecommunications Corp. (NASDAQ: CMTL) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume1,128,157
Total Actual Volume9,146,708
Total Volume Discrepancy6,627,962

Short Trends

Cover Days4
Short Days5
No Change Days11

Averages

Average Volume Discrepancy331,398
Average Short Volume56,407
Average Short Percentage43%

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

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