Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Short Squeeze

squeeze report news post

Over the past twenty days of trading, Melco Resorts & Entertainment Limited (NASDAQ: MLCO), 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 MLCO Short Squeeze.


Melco Resorts & Entertainment Limited (NASDAQ: MLCO) Short Squeeze Analysis

During the last five days of trading, from November 08, 2019 to November 14, 2019 MLCO had a staggering 716,961 shares shorted while trading a total of 5,326,958 shares as show the on MLCO short page.

The last ten days of trading, from November 01, 2019 to November 14, 2019 MLCO had a staggering 1,270,797 shares shorted while trading a total of 12,735,971 shares as show the on MLCO short page.

Over the last twenty days of trading, from October 18, 2019 to November 14, 2019 MLCO had a staggering 2,317,059 shares shorted while trading a total of 27,109,647 shares as show the on MLCO short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 0 days with no change but 3 cover days. Over the last ten trading days there were 2 short days, 4 days with no change but 4 cover days. The last twenty trading days there were 3 short day, 7 days with no change but 10 cover days.


Melco Resorts & Entertainment Limited (NASDAQ: MLCO) 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 MLCO Short Squeeze.


Melco Resorts & Entertainment Limited (NASDAQ: MLCO) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,317,059
Total Actual Volume27,109,647
Total Volume Discrepancy19,851,128

Short Trends

Cover Days10
Short Days3
No Change Days7

Averages

Average Volume Discrepancy992,556
Average Short Volume115,852
Average Short Percentage33%

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