Nordic American Tankers Limited (NYSE:NAT) Short Squeeze

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Over the past twenty days of trading, Nordic American Tankers Limited (NYSE: NAT), from March 26, 2020 to April 23, 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 NAT Short Squeeze.


Nordic American Tankers Limited (NYSE: NAT) Short Squeeze Analysis

During the last five days of trading, from April 17, 2020 to April 23, 2020 NAT had a staggering 6,080,475 shares shorted while trading a total of 78,850,448 shares as show the on NAT short page.

The last ten days of trading, from April 09, 2020 to April 23, 2020 NAT had a staggering 7,094,041 shares shorted while trading a total of 99,824,643 shares as show the on NAT short page.

Over the last twenty days of trading, from March 26, 2020 to April 23, 2020 NAT had a staggering 10,125,207 shares shorted while trading a total of 159,190,711 shares as show the on NAT 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, 3 days with no change but 2 cover days. The last twenty trading days there were 5 short day, 11 days with no change but 4 cover days.


Nordic American Tankers Limited (NYSE: NAT) 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 NAT Short Squeeze.


Nordic American Tankers Limited (NYSE: NAT) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume10,125,207
Total Actual Volume159,190,711
Total Volume Discrepancy138,653,514

Short Trends

Cover Days4
Short Days5
No Change Days11

Averages

Average Volume Discrepancy6,932,675
Average Short Volume506,260
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 Nordic American Tankers Limited (NYSE: NAT) and doed not buy, sell, or trade any shares of NAT. This article does not provide a professional analysis of a (NAT) financial position. (NAT) financial position and all other information regarding the featured Company should be verified directly with (NAT). Please read our full disclaimer for more detailed information.