NanoString Technologies Inc. (NASDAQ:NSTG) Short Squeeze

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Over the past twenty days of trading, NanoString Technologies Inc. (NASDAQ: NSTG), from February 07, 2020 to April 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 NSTG Short Squeeze.


NanoString Technologies Inc. (NASDAQ: NSTG) Short Squeeze Analysis

During the last five days of trading, from April 03, 2020 to April 09, 2020 NSTG had a staggering 341,749 shares shorted while trading a total of 2,264,348 shares as show the on NSTG short page.

The last ten days of trading, from March 27, 2020 to April 09, 2020 NSTG had a staggering 534,264 shares shorted while trading a total of 4,497,062 shares as show the on NSTG short page.

Over the last twenty days of trading, from February 07, 2020 to April 09, 2020 NSTG had a staggering 1,341,667 shares shorted while trading a total of 10,938,662 shares as show the on NSTG 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 4 short days, 4 days with no change but 2 cover days. The last twenty trading days there were 8 short day, 6 days with no change but 6 cover days.


NanoString Technologies Inc. (NASDAQ: NSTG) 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 NSTG Short Squeeze.


NanoString Technologies Inc. (NASDAQ: NSTG) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume1,341,667
Total Actual Volume10,938,662
Total Volume Discrepancy7,174,338

Short Trends

Cover Days6
Short Days8
No Change Days6

Averages

Average Volume Discrepancy358,716
Average Short Volume67,083
Average Short Percentage38%

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