Over the past twenty days of trading, McKesson Corporation (NYSE: MCK), from September 30, 2019 to October 25, 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 MCK Short Squeeze.
McKesson Corporation (NYSE: MCK) Short Squeeze Analysis
During the last five days of trading, from October 21, 2019 to October 25, 2019 MCK had a staggering 112,974 shares shorted while trading a total of 9,027,243 shares as show the on MCK short page.
The last ten days of trading, from October 14, 2019 to October 25, 2019 MCK had a staggering 253,301 shares shorted while trading a total of 21,608,626 shares as show the on MCK short page.
Over the last twenty days of trading, from September 30, 2019 to October 25, 2019 MCK had a staggering 300,387 shares shorted while trading a total of 36,670,292 shares as show the on MCK short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 1 days with no change but 2 cover days. Over the last ten trading days there were 3 short days, 2 days with no change but 5 cover days. The last twenty trading days there were 4 short day, 3 days with no change but 13 cover days.
McKesson Corporation (NYSE: MCK) 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 MCK Short Squeeze.
McKesson Corporation (NYSE: MCK) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||300,387|
|Total Actual Volume||36,670,292|
|Total Volume Discrepancy||35,866,107|
|No Change Days||3|
|Average Volume Discrepancy||1,793,305|
|Average Short Volume||15,019|
|Average Short Percentage||30%|
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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