NIC Inc. (NASDAQ:EGOV) Short Squeeze

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Over the past twenty days of trading, NIC Inc. (NASDAQ: EGOV), from March 30, 2020 to April 27, 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 EGOV Short Squeeze.


NIC Inc. (NASDAQ: EGOV) Short Squeeze Analysis

During the last five days of trading, from April 21, 2020 to April 27, 2020 EGOV had a staggering 314,050 shares shorted while trading a total of 2,838,709 shares as show the on EGOV short page.

The last ten days of trading, from April 14, 2020 to April 27, 2020 EGOV had a staggering 470,608 shares shorted while trading a total of 4,609,791 shares as show the on EGOV short page.

Over the last twenty days of trading, from March 30, 2020 to April 27, 2020 EGOV had a staggering 946,705 shares shorted while trading a total of 10,358,977 shares as show the on EGOV 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 5 short days, 4 days with no change but 1 cover days. The last twenty trading days there were 8 short day, 10 days with no change but 2 cover days.


NIC Inc. (NASDAQ: EGOV) 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 EGOV Short Squeeze.


NIC Inc. (NASDAQ: EGOV) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume946,705
Total Actual Volume10,358,977
Total Volume Discrepancy8,406,635

Short Trends

Cover Days2
Short Days8
No Change Days10

Averages

Average Volume Discrepancy420,331
Average Short Volume47,335
Average Short Percentage47%

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