Over the past twenty days of trading, Menlo Therapeutics Inc. (NASDAQ: MNLO), from April 02, 2020 to April 30, 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 MNLO Short Squeeze.
Menlo Therapeutics Inc. (NASDAQ: MNLO) Short Squeeze Analysis
During the last five days of trading, from April 24, 2020 to April 30, 2020 MNLO had a staggering 4,143,376 shares shorted while trading a total of 18,815,498 shares as show the on MNLO short page.
The last ten days of trading, from April 17, 2020 to April 30, 2020 MNLO had a staggering 6,878,563 shares shorted while trading a total of 30,827,177 shares as show the on MNLO short page.
Over the last twenty days of trading, from April 02, 2020 to April 30, 2020 MNLO had a staggering 13,553,827 shares shorted while trading a total of 72,821,956 shares as show the on MNLO short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 10 short days, 0 days with no change but 0 cover days. The last twenty trading days there were 14 short day, 4 days with no change but 2 cover days.
Menlo Therapeutics Inc. (NASDAQ: MNLO) 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 MNLO Short Squeeze.
Menlo Therapeutics Inc. (NASDAQ: MNLO) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||13,553,827|
|Total Actual Volume||72,821,956|
|Total Volume Discrepancy||45,679,282|
|No Change Days||4|
|Average Volume Discrepancy||2,283,964|
|Average Short Volume||677,691|
|Average Short Percentage||53%|
The Short Trend Indicator
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