Over the past twenty days of trading, Eldorado Resorts Inc. (NASDAQ: ERI), from September 23, 2019 to March 19, 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 ERI Short Squeeze.
Eldorado Resorts Inc. (NASDAQ: ERI) Short Squeeze Analysis
During the last five days of trading, from October 14, 2019 to March 19, 2020 ERI had a staggering 1,764,256 shares shorted while trading a total of 14,080,113 shares as show the on ERI short page.
The last ten days of trading, from October 07, 2019 to March 19, 2020 ERI had a staggering 2,690,630 shares shorted while trading a total of 23,221,747 shares as show the on ERI short page.
Over the last twenty days of trading, from September 23, 2019 to March 19, 2020 ERI had a staggering 4,865,064 shares shorted while trading a total of 38,783,107 shares as show the on ERI short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 1 days with no change but 2 cover days. Over the last ten trading days there were 5 short days, 3 days with no change but 2 cover days. The last twenty trading days there were 10 short day, 6 days with no change but 4 cover days.
Eldorado Resorts Inc. (NASDAQ: ERI) 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 ERI Short Squeeze.
Eldorado Resorts Inc. (NASDAQ: ERI) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||4,865,064|
|Total Actual Volume||38,783,107|
|Total Volume Discrepancy||27,318,381|
|No Change Days||6|
|Average Volume Discrepancy||1,365,919|
|Average Short Volume||243,253|
|Average Short Percentage||48%|
The Short Trend Indicator
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