Illinois Tool Works Inc. (NYSE:ITW) Short Squeeze

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Over the past twenty days of trading, Illinois Tool Works Inc. (NYSE: ITW), from March 19, 2020 to April 16, 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 ITW Short Squeeze.


Illinois Tool Works Inc. (NYSE: ITW) Short Squeeze Analysis

During the last five days of trading, from April 09, 2020 to April 16, 2020 ITW had a staggering 71,012 shares shorted while trading a total of 7,980,555 shares as show the on ITW short page.

The last ten days of trading, from April 02, 2020 to April 16, 2020 ITW had a staggering 134,742 shares shorted while trading a total of 16,350,909 shares as show the on ITW short page.

Over the last twenty days of trading, from March 19, 2020 to April 16, 2020 ITW had a staggering 287,102 shares shorted while trading a total of 41,955,988 shares as show the on ITW 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 5 short days, 4 days with no change but 1 cover days. The last twenty trading days there were 8 short day, 7 days with no change but 5 cover days.


Illinois Tool Works Inc. (NYSE: ITW) 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 ITW Short Squeeze.


Illinois Tool Works Inc. (NYSE: ITW) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume287,102
Total Actual Volume41,955,988
Total Volume Discrepancy41,348,597

Short Trends

Cover Days5
Short Days8
No Change Days7

Averages

Average Volume Discrepancy2,067,429
Average Short Volume14,355
Average Short Percentage46%

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