Over the past twenty days of trading, Direxion Energy Bull 3X Shares (NYSE: ERX), from October 08, 2019 to April 03, 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 ERX Short Squeeze.
Direxion Energy Bull 3X Shares (NYSE: ERX) Short Squeeze Analysis
During the last five days of trading, from March 30, 2020 to April 03, 2020 ERX had a staggering 1,570,858 shares shorted while trading a total of 36,884,073 shares as show the on ERX short page.
The last ten days of trading, from March 23, 2020 to April 03, 2020 ERX had a staggering 5,119,200 shares shorted while trading a total of 83,422,010 shares as show the on ERX short page.
Over the last twenty days of trading, from October 08, 2019 to April 03, 2020 ERX had a staggering 10,054,269 shares shorted while trading a total of 142,239,507 shares as show the on ERX short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 9 short day, 3 days with no change but 8 cover days.
Direxion Energy Bull 3X Shares (NYSE: ERX) 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 ERX Short Squeeze.
Direxion Energy Bull 3X Shares (NYSE: ERX) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||10,054,269|
|Total Actual Volume||142,239,507|
|Total Volume Discrepancy||123,166,032|
|No Change Days||3|
|Average Volume Discrepancy||6,158,301|
|Average Short Volume||502,713|
|Average Short Percentage||35%|
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.
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 Direxion Energy Bull 3X Shares (NYSE: ERX) and doed not buy, sell, or trade any shares of ERX. This article does not provide a professional analysis of a (ERX) financial position. (ERX) financial position and all other information regarding the featured Company should be verified directly with (ERX). Please read our full disclaimer for more detailed information.