Over the past twenty days of trading, MakeMyTrip Limited (NASDAQ: MMYT), from January 24, 2020 to March 26, 2020 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 MMYT Short Squeeze.
MakeMyTrip Limited (NASDAQ: MMYT) Short Squeeze Analysis
During the last five days of trading, from March 20, 2020 to March 26, 2020 MMYT had a staggering 558,665 shares shorted while trading a total of 2,858,291 shares as show the on MMYT short page.
The last ten days of trading, from February 07, 2020 to March 26, 2020 MMYT had a staggering 1,044,280 shares shorted while trading a total of 6,244,085 shares as show the on MMYT short page.
Over the last twenty days of trading, from January 24, 2020 to March 26, 2020 MMYT had a staggering 1,311,331 shares shorted while trading a total of 8,958,574 shares as show the on MMYT short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 8 short days, 1 days with no change but 1 cover days. The last twenty trading days there were 10 short day, 4 days with no change but 6 cover days.
MakeMyTrip Limited (NASDAQ: MMYT) 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 MMYT Short Squeeze.
MakeMyTrip Limited (NASDAQ: MMYT) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,311,331|
|Total Actual Volume||8,958,574|
|Total Volume Discrepancy||6,408,526|
|No Change Days||4|
|Average Volume Discrepancy||320,426|
|Average Short Volume||65,566|
|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.
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