Mallinckrodt plc (NYSE:MNK) Short Squeeze

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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 Volume14,591,695
Total Actual Volume171,312,026
Total Volume Discrepancy142,735,879

Short Trends

Cover Days0
Short Days11
No Change Days9

Averages

Average Volume Discrepancy7,136,793
Average Short Volume729,584
Average Short Percentage51%

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

This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of Mallinckrodt plc (NYSE: MNK) and doed not buy, sell, or trade any shares of MNK. This article does not provide a professional analysis of a (MNK) financial position. (MNK) financial position and all other information regarding the featured Company should be verified directly with (MNK). Please read our full disclaimer for more detailed information.