Over the past twenty days of trading, NetApp Inc. (NASDAQ: NTAP), from October 07, 2019 to November 01, 2019 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 NTAP Short Squeeze.
NetApp Inc. (NASDAQ: NTAP) Short Squeeze Analysis
During the last five days of trading, from October 28, 2019 to November 01, 2019 NTAP had a staggering 1,404,558 shares shorted while trading a total of 9,531,648 shares as show the on NTAP short page.
The last ten days of trading, from October 21, 2019 to November 01, 2019 NTAP had a staggering 2,794,007 shares shorted while trading a total of 18,411,629 shares as show the on NTAP short page.
Over the last twenty days of trading, from October 07, 2019 to November 01, 2019 NTAP had a staggering 5,035,664 shares shorted while trading a total of 37,668,023 shares as show the on NTAP short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 0 days with no change but 1 cover days. Over the last ten trading days there were 8 short days, 1 days with no change but 1 cover days. The last twenty trading days there were 16 short day, 3 days with no change but 1 cover days.
NetApp Inc. (NASDAQ: NTAP) 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 NTAP Short Squeeze.
NetApp Inc. (NASDAQ: NTAP) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||5,035,664|
|Total Actual Volume||37,668,023|
|Total Volume Discrepancy||29,232,418|
|No Change Days||3|
|Average Volume Discrepancy||1,461,620|
|Average Short Volume||251,783|
|Average Short Percentage||60%|
The Short Trend Indicator
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