Over the past twenty days of trading, ETFMG Alternative Harvest (NYSE: MJ), from November 18, 2019 to December 16, 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 MJ Short Squeeze.
ETFMG Alternative Harvest (NYSE: MJ) Short Squeeze Analysis
During the last five days of trading, from December 10, 2019 to December 16, 2019 MJ had a staggering 304,531 shares shorted while trading a total of 3,574,390 shares as show the on MJ short page.
The last ten days of trading, from December 03, 2019 to December 16, 2019 MJ had a staggering 485,887 shares shorted while trading a total of 6,457,015 shares as show the on MJ short page.
Over the last twenty days of trading, from November 18, 2019 to December 16, 2019 MJ had a staggering 1,435,995 shares shorted while trading a total of 18,342,305 shares as show the on MJ short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 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 8 short day, 5 days with no change but 7 cover days.
ETFMG Alternative Harvest (NYSE: MJ) 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 MJ Short Squeeze.
ETFMG Alternative Harvest (NYSE: MJ) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,435,995|
|Total Actual Volume||18,342,305|
|Total Volume Discrepancy||15,386,766|
|No Change Days||5|
|Average Volume Discrepancy||769,338|
|Average Short Volume||71,799|
|Average Short Percentage||43%|
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.
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