Independence Contract Drilling Inc. (NYSE:ICD) Short Squeeze

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Over the past twenty days of trading, Independence Contract Drilling Inc. (NYSE: ICD), from March 23, 2020 to April 20, 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 ICD Short Squeeze.


Independence Contract Drilling Inc. (NYSE: ICD) Short Squeeze Analysis

During the last five days of trading, from April 14, 2020 to April 20, 2020 ICD had a staggering 946,569 shares shorted while trading a total of 12,307,547 shares as show the on ICD short page.

The last ten days of trading, from April 06, 2020 to April 20, 2020 ICD had a staggering 4,944,630 shares shorted while trading a total of 66,830,633 shares as show the on ICD short page.

Over the last twenty days of trading, from March 23, 2020 to April 20, 2020 ICD had a staggering 5,090,823 shares shorted while trading a total of 68,577,625 shares as show the on ICD 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 6 short days, 4 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 6 days with no change but 1 cover days.


Independence Contract Drilling Inc. (NYSE: ICD) 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 ICD Short Squeeze.


Independence Contract Drilling Inc. (NYSE: ICD) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume5,090,823
Total Actual Volume68,577,625
Total Volume Discrepancy58,405,731

Short Trends

Cover Days1
Short Days13
No Change Days6

Averages

Average Volume Discrepancy2,920,286
Average Short Volume254,541
Average Short Percentage50%

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