Onconova Therapeutics Inc. (NASDAQ:ONTX) Short Squeeze

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Over the past twenty days of trading, Onconova Therapeutics Inc. (NASDAQ: ONTX), from December 02, 2019 to December 30, 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 ONTX Short Squeeze.


Onconova Therapeutics Inc. (NASDAQ: ONTX) Short Squeeze Analysis

During the last five days of trading, from December 23, 2019 to December 30, 2019 ONTX had a staggering 24,770,719 shares shorted while trading a total of 182,247,457 shares as show the on ONTX short page.

The last ten days of trading, from December 16, 2019 to December 30, 2019 ONTX had a staggering 32,608,241 shares shorted while trading a total of 254,230,028 shares as show the on ONTX short page.

Over the last twenty days of trading, from December 02, 2019 to December 30, 2019 ONTX had a staggering 65,715,372 shares shorted while trading a total of 566,714,991 shares as show the on ONTX 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 9 short days, 1 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.


Onconova Therapeutics Inc. (NASDAQ: ONTX) 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 ONTX Short Squeeze.


Onconova Therapeutics Inc. (NASDAQ: ONTX) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume65,715,372
Total Actual Volume566,714,991
Total Volume Discrepancy453,231,269

Short Trends

Cover Days0
Short Days17
No Change Days3

Averages

Average Volume Discrepancy22,661,563
Average Short Volume3,285,768
Average Short Percentage57%

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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