Office Depot Inc. (NASDAQ:ODP) Short Squeeze

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Over the past twenty days of trading, Office Depot Inc. (NASDAQ: ODP), from October 31, 2019 to November 27, 2019 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 ODP Short Squeeze.


Office Depot Inc. (NASDAQ: ODP) Short Squeeze Analysis

During the last five days of trading, from November 21, 2019 to November 27, 2019 ODP had a staggering 5,111,901 shares shorted while trading a total of 34,359,294 shares as show the on ODP short page.

The last ten days of trading, from November 14, 2019 to November 27, 2019 ODP had a staggering 8,434,888 shares shorted while trading a total of 62,146,004 shares as show the on ODP short page.

Over the last twenty days of trading, from October 31, 2019 to November 27, 2019 ODP had a staggering 19,928,474 shares shorted while trading a total of 152,837,788 shares as show the on ODP short page.

According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 6 days with no change but 1 cover days.


Office Depot Inc. (NASDAQ: ODP) 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 ODP Short Squeeze.


Office Depot Inc. (NASDAQ: ODP) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume19,928,474
Total Actual Volume152,837,788
Total Volume Discrepancy112,841,287

Short Trends

Cover Days1
Short Days13
No Change Days6

Averages

Average Volume Discrepancy5,642,064
Average Short Volume996,423
Average Short Percentage53%

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

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