Over the past twenty days of trading, Mimecast Limited (NASDAQ: MIME), from May 07, 2020 to June 04, 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 MIME Short Squeeze.
Mimecast Limited (NASDAQ: MIME) Short Squeeze Analysis
During the last five days of trading, from May 29, 2020 to June 04, 2020 MIME had a staggering 313,905 shares shorted while trading a total of 4,024,185 shares as show the on MIME short page.
The last ten days of trading, from May 21, 2020 to June 04, 2020 MIME had a staggering 1,185,369 shares shorted while trading a total of 7,951,200 shares as show the on MIME short page.
Over the last twenty days of trading, from May 07, 2020 to June 04, 2020 MIME had a staggering 2,750,459 shares shorted while trading a total of 19,381,562 shares as show the on MIME short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 1 days with no change but 4 cover days. Over the last ten trading days there were 4 short days, 1 days with no change but 5 cover days. The last twenty trading days there were 10 short day, 1 days with no change but 9 cover days.
Mimecast Limited (NASDAQ: MIME) 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 MIME Short Squeeze.
Mimecast Limited (NASDAQ: MIME) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||2,750,459|
|Total Actual Volume||19,381,562|
|Total Volume Discrepancy||13,087,484|
|No Change Days||1|
|Average Volume Discrepancy||654,374|
|Average Short Volume||137,522|
|Average Short Percentage||44%|
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.
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