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 Volume||65,715,372|
|Total Actual Volume||566,714,991|
|Total Volume Discrepancy||453,231,269|
|No Change Days||3|
|Average Volume Discrepancy||22,661,563|
|Average Short Volume||3,285,768|
|Average Short Percentage||57%|
The Short Trend Indicator
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