Over the past twenty days of trading, Newell Brands Inc. (NASDAQ: NWL), from October 01, 2019 to October 28, 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 NWL Short Squeeze.
Newell Brands Inc. (NASDAQ: NWL) Short Squeeze Analysis
During the last five days of trading, from October 22, 2019 to October 28, 2019 NWL had a staggering 2,911,362 shares shorted while trading a total of 21,333,984 shares as show the on NWL short page.
The last ten days of trading, from October 15, 2019 to October 28, 2019 NWL had a staggering 5,468,050 shares shorted while trading a total of 41,621,971 shares as show the on NWL short page.
Over the last twenty days of trading, from October 01, 2019 to October 28, 2019 NWL had a staggering 9,641,682 shares shorted while trading a total of 83,681,667 shares as show the on NWL short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 3 days with no change but 1 cover days. Over the last ten trading days there were 3 short days, 5 days with no change but 2 cover days. The last twenty trading days there were 6 short day, 10 days with no change but 4 cover days.
Newell Brands Inc. (NASDAQ: NWL) 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 NWL Short Squeeze.
Newell Brands Inc. (NASDAQ: NWL) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||9,641,682|
|Total Actual Volume||83,681,667|
|Total Volume Discrepancy||61,595,174|
|No Change Days||10|
|Average Volume Discrepancy||3,079,758|
|Average Short Volume||482,084|
|Average Short Percentage||44%|
The Short Trend Indicator
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