MEI Pharma Inc. (NASDAQ:MEIP) Short Squeeze

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Over the past twenty days of trading, MEI Pharma Inc. (NASDAQ: MEIP), from March 23, 2020 to April 20, 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 MEIP Short Squeeze.


MEI Pharma Inc. (NASDAQ: MEIP) Short Squeeze Analysis

During the last five days of trading, from April 14, 2020 to April 20, 2020 MEIP had a staggering 11,115,448 shares shorted while trading a total of 56,307,773 shares as show the on MEIP short page.

The last ten days of trading, from April 06, 2020 to April 20, 2020 MEIP had a staggering 11,452,416 shares shorted while trading a total of 58,616,935 shares as show the on MEIP short page.

Over the last twenty days of trading, from March 23, 2020 to April 20, 2020 MEIP had a staggering 13,448,360 shares shorted while trading a total of 68,327,167 shares as show the on MEIP short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 4 short days, 4 days with no change but 2 cover days. The last twenty trading days there were 10 short day, 6 days with no change but 4 cover days.


MEI Pharma Inc. (NASDAQ: MEIP) 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 MEIP Short Squeeze.


MEI Pharma Inc. (NASDAQ: MEIP) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume13,448,360
Total Actual Volume68,327,167
Total Volume Discrepancy44,672,511

Short Trends

Cover Days4
Short Days10
No Change Days6

Averages

Average Volume Discrepancy2,233,625
Average Short Volume672,418
Average Short Percentage47%

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