Over the past twenty days of trading, Granite Point Mortgage Trust Inc. (NYSE: GPMT), from January 31, 2020 to April 02, 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 GPMT Short Squeeze.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) Short Squeeze Analysis
During the last five days of trading, from March 27, 2020 to April 02, 2020 GPMT had a staggering 776,041 shares shorted while trading a total of 14,908,995 shares as show the on GPMT short page.
The last ten days of trading, from March 20, 2020 to April 02, 2020 GPMT had a staggering 4,137,476 shares shorted while trading a total of 56,859,066 shares as show the on GPMT short page.
Over the last twenty days of trading, from January 31, 2020 to April 02, 2020 GPMT had a staggering 4,304,265 shares shorted while trading a total of 62,200,829 shares as show the on GPMT short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 3 short days, 5 days with no change but 2 cover days. The last twenty trading days there were 7 short day, 9 days with no change but 4 cover days.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) 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 GPMT Short Squeeze.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||4,304,265|
|Total Actual Volume||62,200,829|
|Total Volume Discrepancy||53,674,413|
|No Change Days||9|
|Average Volume Discrepancy||2,683,720|
|Average Short Volume||215,213|
|Average Short Percentage||45%|
The Short Trend Indicator
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