Over the past twenty days of trading, HDFC Bank Limited (NYSE: HDB), from February 07, 2020 to April 09, 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 HDB Short Squeeze.
HDFC Bank Limited (NYSE: HDB) Short Squeeze Analysis
During the last five days of trading, from April 03, 2020 to April 09, 2020 HDB had a staggering 85,494 shares shorted while trading a total of 16,559,538 shares as show the on HDB short page.
The last ten days of trading, from March 27, 2020 to April 09, 2020 HDB had a staggering 185,361 shares shorted while trading a total of 34,505,917 shares as show the on HDB short page.
Over the last twenty days of trading, from February 07, 2020 to April 09, 2020 HDB had a staggering 570,127 shares shorted while trading a total of 85,323,091 shares as show the on HDB 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 6 short day, 9 days with no change but 5 cover days.
HDFC Bank Limited (NYSE: HDB) 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 HDB Short Squeeze.
HDFC Bank Limited (NYSE: HDB) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||570,127|
|Total Actual Volume||85,323,091|
|Total Volume Discrepancy||84,062,081|
|No Change Days||9|
|Average Volume Discrepancy||4,203,104|
|Average Short Volume||28,506|
|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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