Over the past twenty days of trading, CymaBay Therapeutics Inc. (NASDAQ: CBAY), from April 17, 2020 to May 14, 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 CBAY Short Squeeze.
CymaBay Therapeutics Inc. (NASDAQ: CBAY) Short Squeeze Analysis
During the last five days of trading, from May 08, 2020 to May 14, 2020 CBAY had a staggering 20,828,238 shares shorted while trading a total of 121,647,284 shares as show the on CBAY short page.
The last ten days of trading, from May 01, 2020 to May 14, 2020 CBAY had a staggering 21,982,978 shares shorted while trading a total of 127,424,188 shares as show the on CBAY short page.
Over the last twenty days of trading, from April 17, 2020 to May 14, 2020 CBAY had a staggering 22,866,917 shares shorted while trading a total of 135,076,145 shares as show the on CBAY short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 0 days with no change but 2 cover days. Over the last ten trading days there were 6 short days, 1 days with no change but 3 cover days. The last twenty trading days there were 6 short day, 9 days with no change but 5 cover days.
CymaBay Therapeutics Inc. (NASDAQ: CBAY) 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 CBAY Short Squeeze.
CymaBay Therapeutics Inc. (NASDAQ: CBAY) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 22,866,917 |
| Total Actual Volume | 135,076,145 |
| Total Volume Discrepancy | 94,034,280 |
Short Trends
| Cover Days | 5 |
| Short Days | 6 |
| No Change Days | 9 |
Averages
| Average Volume Discrepancy | 4,701,714 |
| Average Short Volume | 1,143,345 |
| Average Short Percentage | 42% |
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 CymaBay Therapeutics Inc. (NASDAQ: CBAY) and doed not buy, sell, or trade any shares of CBAY. This article does not provide a professional analysis of a (CBAY) financial position. (CBAY) financial position and all other information regarding the featured Company should be verified directly with (CBAY). Please read our full disclaimer for more detailed information.
