Nabors Industries Ltd. (NYSE:NBR) Short Squeeze

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Over the past twenty days of trading, Nabors Industries Ltd. (NYSE: NBR), from December 11, 2019 to January 09, 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 NBR Short Squeeze.


Nabors Industries Ltd. (NYSE: NBR) Short Squeeze Analysis

During the last five days of trading, from January 03, 2020 to January 09, 2020 NBR had a staggering 2,660,635 shares shorted while trading a total of 52,684,139 shares as show the on NBR short page.

The last ten days of trading, from December 26, 2019 to January 09, 2020 NBR had a staggering 4,477,466 shares shorted while trading a total of 88,491,308 shares as show the on NBR short page.

Over the last twenty days of trading, from December 11, 2019 to January 09, 2020 NBR had a staggering 7,259,323 shares shorted while trading a total of 174,819,785 shares as show the on NBR short page.

According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 5 short days, 5 days with no change but 0 cover days. The last twenty trading days there were 8 short day, 8 days with no change but 4 cover days.


Nabors Industries Ltd. (NYSE: NBR) 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 NBR Short Squeeze.


Nabors Industries Ltd. (NYSE: NBR) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume7,259,323
Total Actual Volume174,819,785
Total Volume Discrepancy159,441,185

Short Trends

Cover Days4
Short Days8
No Change Days8

Averages

Average Volume Discrepancy7,972,059
Average Short Volume362,966
Average Short Percentage45%

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