Nike Inc. (NYSE:NKE) Short Squeeze

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Over the past twenty days of trading, Nike Inc. (NYSE: NKE), from February 05, 2020 to April 07, 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 NKE Short Squeeze.


Nike Inc. (NYSE: NKE) Short Squeeze Analysis

During the last five days of trading, from April 01, 2020 to April 07, 2020 NKE had a staggering 1,236,822 shares shorted while trading a total of 52,593,472 shares as show the on NKE short page.

The last ten days of trading, from March 25, 2020 to April 07, 2020 NKE had a staggering 3,854,013 shares shorted while trading a total of 131,335,161 shares as show the on NKE short page.

Over the last twenty days of trading, from February 05, 2020 to April 07, 2020 NKE had a staggering 5,222,973 shares shorted while trading a total of 231,676,074 shares as show the on NKE 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 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 8 short day, 5 days with no change but 7 cover days.


Nike Inc. (NYSE: NKE) 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 NKE Short Squeeze.


Nike Inc. (NYSE: NKE) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume5,222,973
Total Actual Volume231,676,074
Total Volume Discrepancy221,398,041

Short Trends

Cover Days7
Short Days8
No Change Days5

Averages

Average Volume Discrepancy11,069,902
Average Short Volume261,148
Average Short Percentage45%

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