Over the past twenty days of trading, Nikola Corporation (NASDAQ: NKLA), from March 14, 2024 to April 11, 2024 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 NKLA Short Squeeze.
Nikola Corporation (NASDAQ: NKLA) Short Squeeze Analysis
During the last five days of trading, from April 05, 2024 to April 11, 2024 NKLA had a staggering 232,857,608 shares shorted while trading a total of 626,701,868 shares as show the on NKLA short page.
The last ten days of trading, from March 28, 2024 to April 11, 2024 NKLA had a staggering 511,278,388 shares shorted while trading a total of 1,416,580,007 shares as show the on NKLA short page.
Over the last twenty days of trading, from March 14, 2024 to April 11, 2024 NKLA had a staggering 869,344,158 shares shorted while trading a total of 2,405,516,537 shares as show the on NKLA short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 10 short days, 0 days with no change but 0 cover days. The last twenty trading days there were 17 short day, 3 days with no change but 0 cover days.
Nikola Corporation (NASDAQ: NKLA) 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 NKLA Short Squeeze.
Nikola Corporation (NASDAQ: NKLA) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 869,344,158 |
| Total Actual Volume | 2,405,516,537 |
| Total Volume Discrepancy | 836,751,031 |
Short Trends
| Cover Days | 0 |
| Short Days | 17 |
| No Change Days | 3 |
Averages
| Average Volume Discrepancy | 41,837,551 |
| Average Short Volume | 43,467,207 |
| Average Short Percentage | 55% |
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.
Nikola Corporation (NASDAQ: NKLA) Chart
Disclaimer
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