Over the past twenty days of trading, LogMeIn Inc. (NASDAQ: LOGM), from November 22, 2019 to December 20, 2019 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 LOGM Short Squeeze.
LogMeIn Inc. (NASDAQ: LOGM) Short Squeeze Analysis
During the last five days of trading, from December 16, 2019 to December 20, 2019 LOGM had a staggering 1,249,620 shares shorted while trading a total of 13,437,719 shares as show the on LOGM short page.
The last ten days of trading, from December 09, 2019 to December 20, 2019 LOGM had a staggering 1,921,448 shares shorted while trading a total of 18,852,329 shares as show the on LOGM short page.
Over the last twenty days of trading, from November 22, 2019 to December 20, 2019 LOGM had a staggering 2,609,282 shares shorted while trading a total of 24,011,372 shares as show the on LOGM short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 1 days with no change but 3 cover days. Over the last ten trading days there were 4 short days, 3 days with no change but 3 cover days. The last twenty trading days there were 7 short day, 8 days with no change but 5 cover days.
LogMeIn Inc. (NASDAQ: LOGM) 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 LOGM Short Squeeze.
LogMeIn Inc. (NASDAQ: LOGM) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||2,609,282|
|Total Actual Volume||24,011,372|
|Total Volume Discrepancy||16,083,637|
|No Change Days||8|
|Average Volume Discrepancy||804,181|
|Average Short Volume||130,464|
|Average Short Percentage||43%|
The Short Trend Indicator
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