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 Volume||278,424|
|Total Actual Volume||3,397,677|
|Total Volume Discrepancy||2,806,614|
|No Change Days||10|
|Average Volume Discrepancy||140,330|
|Average Short Volume||13,921|
|Average Short Percentage||45%|
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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