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

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Over the past twenty days of trading, Melco Resorts & Entertainment Limited (NASDAQ: MLCO), from September 13, 2019 to October 11, 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 October 07, 2019 to October 11, 2019 MLCO had a staggering 463,702 shares shorted while trading a total of 5,835,517 shares as show the on MLCO short page.

The last ten days of trading, from September 30, 2019 to October 11, 2019 MLCO had a staggering 1,039,081 shares shorted while trading a total of 15,327,137 shares as show the on MLCO short page.

Over the last twenty days of trading, from September 13, 2019 to October 11, 2019 MLCO had a staggering 3,187,745 shares shorted while trading a total of 30,091,409 shares as show the on MLCO short page.

According to our proprietary algorithm during the last five trading days there were 1 short days, 2 days with no change but 2 cover days. Over the last ten trading days there were 1 short days, 3 days with no change but 6 cover days. The last twenty trading days there were 2 short day, 5 days with no change but 13 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 Volume3,187,745
Total Actual Volume30,091,409
Total Volume Discrepancy20,869,908

Short Trends

Cover Days13
Short Days2
No Change Days5

Averages

Average Volume Discrepancy1,043,495
Average Short Volume159,387
Average Short Percentage31%

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.