Over the past twenty days of trading, GitLab Inc. (NASDAQ: GTLB), from February 14, 2023 to March 14, 2023 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 GTLB Short Squeeze.
GitLab Inc. (NASDAQ: GTLB) Short Squeeze Analysis
During the last five days of trading, from March 08, 2023 to March 14, 2023 GTLB had a staggering 3,913,430 shares shorted while trading a total of 31,972,119 shares as show the on GTLB short page.
The last ten days of trading, from March 01, 2023 to March 14, 2023 GTLB had a staggering 6,982,450 shares shorted while trading a total of 48,809,790 shares as show the on GTLB short page.
Over the last twenty days of trading, from February 14, 2023 to March 14, 2023 GTLB had a staggering 10,089,507 shares shorted while trading a total of 63,258,314 shares as show the on GTLB 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 13 short day, 6 days with no change but 1 cover days.
GitLab Inc. (NASDAQ: GTLB) 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 GTLB Short Squeeze.
GitLab Inc. (NASDAQ: GTLB) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||10,089,507|
|Total Actual Volume||63,258,314|
|Total Volume Discrepancy||42,824,792|
|No Change Days||6|
|Average Volume Discrepancy||2,141,239|
|Average Short Volume||504,475|
|Average Short Percentage||53%|
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.
GitLab Inc. (NASDAQ: GTLB) Chart
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