Eldorado Resorts Inc. (NASDAQ:ERI) Short Squeeze

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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 Volume4,865,064
Total Actual Volume38,783,107
Total Volume Discrepancy27,318,381

Short Trends

Cover Days4
Short Days10
No Change Days6

Averages

Average Volume Discrepancy1,365,919
Average Short Volume243,253
Average Short Percentage48%

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 Eldorado Resorts Inc. (NASDAQ: ERI) and doed not buy, sell, or trade any shares of ERI. This article does not provide a professional analysis of a (ERI) financial position. (ERI) financial position and all other information regarding the featured Company should be verified directly with (ERI). Please read our full disclaimer for more detailed information.