McKesson Corporation (NYSE:MCK) Short Squeeze

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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 Volume300,387
Total Actual Volume36,670,292
Total Volume Discrepancy35,866,107

Short Trends

Cover Days13
Short Days4
No Change Days3

Averages

Average Volume Discrepancy1,793,305
Average Short Volume15,019
Average Short Percentage30%

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 McKesson Corporation (NYSE: MCK) and doed not buy, sell, or trade any shares of MCK. This article does not provide a professional analysis of a (MCK) financial position. (MCK) financial position and all other information regarding the featured Company should be verified directly with (MCK). Please read our full disclaimer for more detailed information.