Novan Inc. (NASDAQ:NOVN) Short Squeeze

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Over the past twenty days of trading, Novan Inc. (NASDAQ: NOVN), from June 22, 2020 to July 20, 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 NOVN Short Squeeze.


Novan Inc. (NASDAQ: NOVN) Short Squeeze Analysis

During the last five days of trading, from July 14, 2020 to July 20, 2020 NOVN had a staggering 26,024,835 shares shorted while trading a total of 148,341,895 shares as show the on NOVN short page.

The last ten days of trading, from July 07, 2020 to July 20, 2020 NOVN had a staggering 36,674,145 shares shorted while trading a total of 207,293,835 shares as show the on NOVN short page.

Over the last twenty days of trading, from June 22, 2020 to July 20, 2020 NOVN had a staggering 81,892,376 shares shorted while trading a total of 485,953,245 shares as show the on NOVN 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 6 short days, 4 days with no change but 0 cover days. The last twenty trading days there were 12 short day, 8 days with no change but 0 cover days.


Novan Inc. (NASDAQ: NOVN) 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 NOVN Short Squeeze.


Novan Inc. (NASDAQ: NOVN) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume81,892,376
Total Actual Volume485,953,245
Total Volume Discrepancy325,456,003

Short Trends

Cover Days0
Short Days12
No Change Days8

Averages

Average Volume Discrepancy16,272,800
Average Short Volume4,094,618
Average Short Percentage51%

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.


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