Over the past twenty days of trading, Fitbit Inc. Class A (NYSE: FIT), from April 02, 2020 to April 30, 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 FIT Short Squeeze.
Fitbit Inc. Class A (NYSE: FIT) Short Squeeze Analysis
During the last five days of trading, from April 24, 2020 to April 30, 2020 FIT had a staggering 589,724 shares shorted while trading a total of 23,836,807 shares as show the on FIT short page.
The last ten days of trading, from April 17, 2020 to April 30, 2020 FIT had a staggering 2,183,713 shares shorted while trading a total of 62,322,615 shares as show the on FIT short page.
Over the last twenty days of trading, from April 02, 2020 to April 30, 2020 FIT had a staggering 6,117,062 shares shorted while trading a total of 138,464,151 shares as show the on FIT short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 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.
Fitbit Inc. Class A (NYSE: FIT) 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 FIT Short Squeeze.
Fitbit Inc. Class A (NYSE: FIT) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||6,117,062|
|Total Actual Volume||138,464,151|
|Total Volume Discrepancy||124,235,128|
|No Change Days||5|
|Average Volume Discrepancy||6,211,756|
|Average Short Volume||305,853|
|Average Short Percentage||42%|
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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