Encore Capital Group Inc (NASDAQ:ECPG) Short Squeeze

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Over the past twenty days of trading, Encore Capital Group Inc (NASDAQ: ECPG), from September 20, 2019 to October 17, 2019 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 ECPG Short Squeeze.


Encore Capital Group Inc (NASDAQ: ECPG) Short Squeeze Analysis

During the last five days of trading, from October 11, 2019 to October 17, 2019 ECPG had a staggering 270,972 shares shorted while trading a total of 1,197,544 shares as show the on ECPG short page.

The last ten days of trading, from October 04, 2019 to October 17, 2019 ECPG had a staggering 436,206 shares shorted while trading a total of 2,629,976 shares as show the on ECPG short page.

Over the last twenty days of trading, from September 20, 2019 to October 17, 2019 ECPG had a staggering 635,680 shares shorted while trading a total of 5,556,296 shares as show the on ECPG short page.

According to our proprietary algorithm during the last five trading days there were 3 short days, 2 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 8 short day, 7 days with no change but 5 cover days.


Encore Capital Group Inc (NASDAQ: ECPG) 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 ECPG Short Squeeze.


Encore Capital Group Inc (NASDAQ: ECPG) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume635,680
Total Actual Volume5,556,296
Total Volume Discrepancy4,149,301

Short Trends

Cover Days5
Short Days8
No Change Days7

Averages

Average Volume Discrepancy207,465
Average Short Volume31,784
Average Short Percentage44%

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