Over the past twenty days of trading, DraftKings Inc. (NASDAQ: DKNG), from April 30, 2024 to May 28, 2024 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 DKNG Short Squeeze.
DraftKings Inc. (NASDAQ: DKNG) Short Squeeze Analysis
During the last five days of trading, from May 21, 2024 to May 28, 2024 DKNG had a staggering 20,967,558 shares shorted while trading a total of 85,828,991 shares as show the on DKNG short page.
The last ten days of trading, from May 14, 2024 to May 28, 2024 DKNG had a staggering 28,332,563 shares shorted while trading a total of 119,176,557 shares as show the on DKNG short page.
Over the last twenty days of trading, from April 30, 2024 to May 28, 2024 DKNG had a staggering 51,447,709 shares shorted while trading a total of 226,925,086 shares as show the on DKNG 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 6 short days, 4 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 7 days with no change but 0 cover days.
DraftKings Inc. (NASDAQ: DKNG) 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 DKNG Short Squeeze.
DraftKings Inc. (NASDAQ: DKNG) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 51,447,709 |
| Total Actual Volume | 226,925,086 |
| Total Volume Discrepancy | 130,425,841 |
Short Trends
| Cover Days | 0 |
| Short Days | 13 |
| No Change Days | 7 |
Averages
| Average Volume Discrepancy | 6,521,292 |
| Average Short Volume | 2,572,385 |
| Average Short Percentage | 51% |
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.
DraftKings Inc. (NASDAQ: DKNG) Chart
Disclaimer
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