Over the past twenty days of trading, NextPlay Technologies Inc. (NASDAQ: NXTP), from November 28, 2023 to December 26, 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 NXTP Short Squeeze.
NextPlay Technologies Inc. (NASDAQ: NXTP) Short Squeeze Analysis
During the last five days of trading, from December 19, 2023 to December 26, 2023 NXTP had a staggering 35,055,190 shares shorted while trading a total of 98,815,234 shares as show the on NXTP short page.
The last ten days of trading, from December 12, 2023 to December 26, 2023 NXTP had a staggering 46,640,610 shares shorted while trading a total of 138,282,496 shares as show the on NXTP short page.
Over the last twenty days of trading, from November 28, 2023 to December 26, 2023 NXTP had a staggering 72,461,904 shares shorted while trading a total of 232,578,941 shares as show the on NXTP 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 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 16 short day, 2 days with no change but 2 cover days.
NextPlay Technologies Inc. (NASDAQ: NXTP) 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 NXTP Short Squeeze.
NextPlay Technologies Inc. (NASDAQ: NXTP) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 72,461,904 |
| Total Actual Volume | 232,578,941 |
| Total Volume Discrepancy | 97,153,470 |
Short Trends
| Cover Days | 2 |
| Short Days | 16 |
| No Change Days | 2 |
Averages
| Average Volume Discrepancy | 4,857,673 |
| Average Short Volume | 3,623,095 |
| Average Short Percentage | 52% |
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.
NextPlay Technologies Inc. (NASDAQ: NXTP) 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 NextPlay Technologies Inc. (NASDAQ: NXTP) and does not buy, sell, or trade any shares of NXTP. This article does not provide a professional analysis of a (NXTP) financial position. (NXTP) financial position and all other information regarding the featured Company should be verified directly with (NXTP). Please read our full disclaimer for more detailed information.
