Over the past twenty days of trading, Lordstown Motors Corp. (NASDAQ: RIDE), from May 30, 2023 to June 27, 2023 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 RIDE Short Squeeze.
Lordstown Motors Corp. (NASDAQ: RIDE) Short Squeeze Analysis
During the last five days of trading, from June 21, 2023 to June 27, 2023 RIDE had a staggering 7,234,642 shares shorted while trading a total of 28,283,586 shares as show the on RIDE short page.
The last ten days of trading, from June 13, 2023 to June 27, 2023 RIDE had a staggering 21,508,463 shares shorted while trading a total of 86,721,773 shares as show the on RIDE short page.
Over the last twenty days of trading, from May 30, 2023 to June 27, 2023 RIDE had a staggering 22,438,145 shares shorted while trading a total of 91,262,656 shares as show the on RIDE 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 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 17 short day, 3 days with no change but 0 cover days.
Lordstown Motors Corp. (NASDAQ: RIDE) 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 RIDE Short Squeeze.
Lordstown Motors Corp. (NASDAQ: RIDE) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||22,438,145|
|Total Actual Volume||91,262,656|
|Total Volume Discrepancy||49,278,436|
|No Change Days||3|
|Average Volume Discrepancy||2,463,921|
|Average Short Volume||1,121,907|
|Average Short Percentage||58%|
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.
Lordstown Motors Corp. (NASDAQ: RIDE) Chart
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