Direxion Technology Bear 3X Shares (NYSE:TECS) Short Squeeze

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Over the past twenty days of trading, Direxion Technology Bear 3X Shares (NYSE: TECS), from February 07, 2020 to April 09, 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 TECS Short Squeeze.


Direxion Technology Bear 3X Shares (NYSE: TECS) Short Squeeze Analysis

During the last five days of trading, from April 03, 2020 to April 09, 2020 TECS had a staggering 2,512,115 shares shorted while trading a total of 29,517,309 shares as show the on TECS short page.

The last ten days of trading, from March 27, 2020 to April 09, 2020 TECS had a staggering 4,563,463 shares shorted while trading a total of 57,288,941 shares as show the on TECS short page.

Over the last twenty days of trading, from February 07, 2020 to April 09, 2020 TECS had a staggering 7,226,585 shares shorted while trading a total of 95,769,996 shares as show the on TECS 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 4 short days, 6 days with no change but 0 cover days. The last twenty trading days there were 6 short day, 9 days with no change but 5 cover days.


Direxion Technology Bear 3X Shares (NYSE: TECS) 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 TECS Short Squeeze.


Direxion Technology Bear 3X Shares (NYSE: TECS) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume7,226,585
Total Actual Volume95,769,996
Total Volume Discrepancy80,170,725

Short Trends

Cover Days5
Short Days6
No Change Days9

Averages

Average Volume Discrepancy4,008,536
Average Short Volume361,329
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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