Over the past twenty days of trading, iPath Series B S&P GSCI Crude Oil (NYSE: OIL), from January 29, 2020 to March 31, 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 OIL Short Squeeze.
iPath Series B S&P GSCI Crude Oil (NYSE: OIL) Short Squeeze Analysis
During the last five days of trading, from March 25, 2020 to March 31, 2020 OIL had a staggering 1,498,428 shares shorted while trading a total of 30,189,201 shares as show the on OIL short page.
The last ten days of trading, from February 12, 2020 to March 31, 2020 OIL had a staggering 2,562,249 shares shorted while trading a total of 43,904,356 shares as show the on OIL short page.
Over the last twenty days of trading, from January 29, 2020 to March 31, 2020 OIL had a staggering 2,648,185 shares shorted while trading a total of 47,794,213 shares as show the on OIL short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 10 short days, 0 days with no change but 0 cover days. The last twenty trading days there were 14 short day, 1 days with no change but 5 cover days.
iPath Series B S&P GSCI Crude Oil (NYSE: OIL) 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 OIL Short Squeeze.
iPath Series B S&P GSCI Crude Oil (NYSE: OIL) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||2,648,185|
|Total Actual Volume||47,794,213|
|Total Volume Discrepancy||43,391,185|
|No Change Days||1|
|Average Volume Discrepancy||2,169,559|
|Average Short Volume||132,409|
|Average Short Percentage||50%|
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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