Over the past twenty days of trading, MacroGenics Inc. (NASDAQ: MGNX), from April 12, 2024 to May 09, 2024 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 MGNX Short Squeeze.
MacroGenics Inc. (NASDAQ: MGNX) Short Squeeze Analysis
During the last five days of trading, from May 03, 2024 to May 09, 2024 MGNX had a staggering 872,514 shares shorted while trading a total of 8,939,866 shares as show the on MGNX short page.
The last ten days of trading, from April 26, 2024 to May 09, 2024 MGNX had a staggering 1,268,765 shares shorted while trading a total of 12,354,123 shares as show the on MGNX short page.
Over the last twenty days of trading, from April 12, 2024 to May 09, 2024 MGNX had a staggering 2,519,485 shares shorted while trading a total of 20,479,897 shares as show the on MGNX short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 1 days with no change but 1 cover days. Over the last ten trading days there were 4 short days, 4 days with no change but 2 cover days. The last twenty trading days there were 9 short day, 8 days with no change but 3 cover days.
MacroGenics Inc. (NASDAQ: MGNX) 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 MGNX Short Squeeze.
MacroGenics Inc. (NASDAQ: MGNX) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 2,519,485 |
| Total Actual Volume | 20,479,897 |
| Total Volume Discrepancy | 14,728,449 |
Short Trends
| Cover Days | 3 |
| Short Days | 9 |
| No Change Days | 8 |
Averages
| Average Volume Discrepancy | 736,422 |
| Average Short Volume | 125,974 |
| Average Short Percentage | 48% |
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.
MacroGenics Inc. (NASDAQ: MGNX) Chart
Disclaimer
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