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 Volume||2,360,770|
|Total Actual Volume||22,225,588|
|Total Volume Discrepancy||15,119,074|
|No Change Days||7|
|Average Volume Discrepancy||755,953|
|Average Short Volume||118,038|
|Average Short Percentage||36%|
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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