Over the past twenty days of trading, Newmont Mining Corporation (NYSE: NEM), from April 21, 2023 to May 18, 2023 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 NEM Short Squeeze.
Newmont Mining Corporation (NYSE: NEM) Short Squeeze Analysis
During the last five days of trading, from May 12, 2023 to May 18, 2023 NEM had a staggering 1,374,433 shares shorted while trading a total of 41,780,561 shares as show the on NEM short page.
The last ten days of trading, from May 05, 2023 to May 18, 2023 NEM had a staggering 2,200,705 shares shorted while trading a total of 73,517,044 shares as show the on NEM short page.
Over the last twenty days of trading, from April 21, 2023 to May 18, 2023 NEM had a staggering 3,523,856 shares shorted while trading a total of 151,022,308 shares as show the on NEM short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 9 short day, 7 days with no change but 4 cover days.
Newmont Mining Corporation (NYSE: NEM) 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 NEM Short Squeeze.
Newmont Mining Corporation (NYSE: NEM) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 3,523,856 |
| Total Actual Volume | 151,022,308 |
| Total Volume Discrepancy | 143,531,253 |
Short Trends
| Cover Days | 4 |
| Short Days | 9 |
| No Change Days | 7 |
Averages
| Average Volume Discrepancy | 7,176,562 |
| Average Short Volume | 176,192 |
| 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.
Newmont Mining Corporation (NYSE: NEM) Chart
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 Newmont Mining Corporation (NYSE: NEM) and does not buy, sell, or trade any shares of NEM. This article does not provide a professional analysis of a (NEM) financial position. (NEM) financial position and all other information regarding the featured Company should be verified directly with (NEM). Please read our full disclaimer for more detailed information.
