Home Short Squeeze Okta Inc. (NASDAQ:OKTA) Short Squeeze

Okta Inc. (NASDAQ:OKTA) Short Squeeze

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Over the past twenty days of trading, Okta Inc. (NASDAQ: OKTA), from October 09, 2019 to November 05, 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 OKTA Short Squeeze.


Okta Inc. (NASDAQ: OKTA) Short Squeeze Analysis

During the last five days of trading, from October 30, 2019 to November 05, 2019 OKTA had a staggering 1,391,790 shares shorted while trading a total of 8,114,898 shares as show the on OKTA short page.

The last ten days of trading, from October 23, 2019 to November 05, 2019 OKTA had a staggering 2,621,373 shares shorted while trading a total of 17,056,193 shares as show the on OKTA short page.

Over the last twenty days of trading, from October 09, 2019 to November 05, 2019 OKTA had a staggering 6,717,705 shares shorted while trading a total of 46,723,370 shares as show the on OKTA 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 7 short days, 2 days with no change but 1 cover days. The last twenty trading days there were 14 short day, 5 days with no change but 1 cover days.


Okta Inc. (NASDAQ: OKTA) 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 OKTA Short Squeeze.


Okta Inc. (NASDAQ: OKTA) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume6,717,705
Total Actual Volume46,723,370
Total Volume Discrepancy34,061,825

Short Trends

Cover Days1
Short Days14
No Change Days5

Averages

Average Volume Discrepancy1,703,091
Average Short Volume335,885
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

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