MacroGenics Inc. (NASDAQ:MGNX) Short Squeeze 2024-05-10

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 Volume2,519,485
Total Actual Volume20,479,897
Total Volume Discrepancy14,728,449

Short Trends

Cover Days3
Short Days9
No Change Days8

Averages

Average Volume Discrepancy736,422
Average Short Volume125,974
Average Short Percentage48%

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


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