Home Short Squeeze Independent Bank Corp. (NASDAQ:INDB) Short Squeeze

Independent Bank Corp. (NASDAQ:INDB) Short Squeeze

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Over the past twenty days of trading, Independent Bank Corp. (NASDAQ: INDB), from January 17, 2020 to March 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 INDB Short Squeeze.


Independent Bank Corp. (NASDAQ: INDB) Short Squeeze Analysis

During the last five days of trading, from February 10, 2020 to March 20, 2020 INDB had a staggering 94,461 shares shorted while trading a total of 1,299,283 shares as show the on INDB short page.

The last ten days of trading, from February 03, 2020 to March 20, 2020 INDB had a staggering 117,934 shares shorted while trading a total of 1,903,151 shares as show the on INDB short page.

Over the last twenty days of trading, from January 17, 2020 to March 20, 2020 INDB had a staggering 278,424 shares shorted while trading a total of 3,397,677 shares as show the on INDB short page.

According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 4 short days, 4 days with no change but 2 cover days. The last twenty trading days there were 7 short day, 10 days with no change but 3 cover days.


Independent Bank Corp. (NASDAQ: INDB) 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 INDB Short Squeeze.


Independent Bank Corp. (NASDAQ: INDB) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume278,424
Total Actual Volume3,397,677
Total Volume Discrepancy2,806,614

Short Trends

Cover Days3
Short Days7
No Change Days10

Averages

Average Volume Discrepancy140,330
Average Short Volume13,921
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 Independent Bank Corp. (NASDAQ: INDB) and doed not buy, sell, or trade any shares of INDB. This article does not provide a professional analysis of a (INDB) financial position. (INDB) financial position and all other information regarding the featured Company should be verified directly with (INDB). Please read our full disclaimer for more detailed information.

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