Over the past twenty days of trading, iRhythm Technologies Inc. (NASDAQ: IRTC), from December 18, 2019 to January 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 IRTC Short Squeeze.
iRhythm Technologies Inc. (NASDAQ: IRTC) Short Squeeze Analysis
During the last five days of trading, from January 10, 2020 to January 16, 2020 IRTC had a staggering 441,555 shares shorted while trading a total of 2,535,757 shares as show the on IRTC short page.
The last ten days of trading, from January 03, 2020 to January 16, 2020 IRTC had a staggering 771,103 shares shorted while trading a total of 4,151,014 shares as show the on IRTC short page.
Over the last twenty days of trading, from December 18, 2019 to January 16, 2020 IRTC had a staggering 1,164,975 shares shorted while trading a total of 9,051,555 shares as show the on IRTC 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 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 9 short day, 6 days with no change but 5 cover days.
iRhythm Technologies Inc. (NASDAQ: IRTC) 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 IRTC Short Squeeze.
iRhythm Technologies Inc. (NASDAQ: IRTC) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,164,975|
|Total Actual Volume||9,051,555|
|Total Volume Discrepancy||5,893,995|
|No Change Days||6|
|Average Volume Discrepancy||294,699|
|Average Short Volume||58,248|
|Average Short Percentage||46%|
The Short Trend Indicator
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