Home Short Squeeze Lumentum Holdings Inc. (NASDAQ:LITE) Short Squeeze

Lumentum Holdings Inc. (NASDAQ:LITE) Short Squeeze

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Over the past twenty days of trading, Lumentum Holdings Inc. (NASDAQ: LITE), from September 24, 2019 to October 21, 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 LITE Short Squeeze.


Lumentum Holdings Inc. (NASDAQ: LITE) Short Squeeze Analysis

During the last five days of trading, from October 15, 2019 to October 21, 2019 LITE had a staggering 450,097 shares shorted while trading a total of 4,613,772 shares as show the on LITE short page.

The last ten days of trading, from October 08, 2019 to October 21, 2019 LITE had a staggering 981,726 shares shorted while trading a total of 8,668,589 shares as show the on LITE short page.

Over the last twenty days of trading, from September 24, 2019 to October 21, 2019 LITE had a staggering 2,360,770 shares shorted while trading a total of 22,225,588 shares as show the on LITE short page.

According to our proprietary algorithm during the last five trading days there were 0 short days, 2 days with no change but 3 cover days. Over the last ten trading days there were 2 short days, 4 days with no change but 4 cover days. The last twenty trading days there were 2 short day, 7 days with no change but 11 cover days.


Lumentum Holdings Inc. (NASDAQ: LITE) 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 LITE Short Squeeze.


Lumentum Holdings Inc. (NASDAQ: LITE) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,360,770
Total Actual Volume22,225,588
Total Volume Discrepancy15,119,074

Short Trends

Cover Days11
Short Days2
No Change Days7

Averages

Average Volume Discrepancy755,953
Average Short Volume118,038
Average Short Percentage36%

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.


Disclaimer

This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of Lumentum Holdings Inc. (NASDAQ: LITE) and doed not buy, sell, or trade any shares of LITE. This article does not provide a professional analysis of a (LITE) financial position. (LITE) financial position and all other information regarding the featured Company should be verified directly with (LITE). Please read our full disclaimer for more detailed information.