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 Volume||7,259,323|
|Total Actual Volume||174,819,785|
|Total Volume Discrepancy||159,441,185|
|No Change Days||8|
|Average Volume Discrepancy||7,972,059|
|Average Short Volume||362,966|
|Average Short Percentage||45%|
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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