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 Volume||287,102|
|Total Actual Volume||41,955,988|
|Total Volume Discrepancy||41,348,597|
|No Change Days||7|
|Average Volume Discrepancy||2,067,429|
|Average Short Volume||14,355|
|Average Short Percentage||46%|
The Short Trend Indicator
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