Granite Point Mortgage Trust Inc. (NYSE:GPMT) Short Squeeze

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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 Volume4,304,265
Total Actual Volume62,200,829
Total Volume Discrepancy53,674,413

Short Trends

Cover Days4
Short Days7
No Change Days9

Averages

Average Volume Discrepancy2,683,720
Average Short Volume215,213
Average Short Percentage45%

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