Over the past twenty days of trading, Mallinckrodt plc (NYSE: MNK), from October 18, 2019 to November 14, 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 MNK Short Squeeze.
Mallinckrodt plc (NYSE: MNK) Short Squeeze Analysis
During the last five days of trading, from November 08, 2019 to November 14, 2019 MNK had a staggering 1,926,882 shares shorted while trading a total of 28,524,359 shares as show the on MNK short page.
The last ten days of trading, from November 01, 2019 to November 14, 2019 MNK had a staggering 6,631,111 shares shorted while trading a total of 84,469,281 shares as show the on MNK short page.
Over the last twenty days of trading, from October 18, 2019 to November 14, 2019 MNK had a staggering 14,591,695 shares shorted while trading a total of 171,312,026 shares as show the on MNK short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 11 short day, 9 days with no change but 0 cover days.
Mallinckrodt plc (NYSE: MNK) 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 MNK Short Squeeze.
Mallinckrodt plc (NYSE: MNK) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 14,591,695 |
| Total Actual Volume | 171,312,026 |
| Total Volume Discrepancy | 142,735,879 |
Short Trends
| Cover Days | 0 |
| Short Days | 11 |
| No Change Days | 9 |
Averages
| Average Volume Discrepancy | 7,136,793 |
| Average Short Volume | 729,584 |
| Average Short Percentage | 51% |
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
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