Over the past twenty days of trading, Ovid Therapeutics Inc. (NASDAQ: OVID), from May 07, 2020 to June 04, 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 OVID Short Squeeze.
Ovid Therapeutics Inc. (NASDAQ: OVID) Short Squeeze Analysis
During the last five days of trading, from May 29, 2020 to June 04, 2020 OVID had a staggering 708,869 shares shorted while trading a total of 5,154,418 shares as show the on OVID short page.
The last ten days of trading, from May 21, 2020 to June 04, 2020 OVID had a staggering 3,170,266 shares shorted while trading a total of 19,733,885 shares as show the on OVID short page.
Over the last twenty days of trading, from May 07, 2020 to June 04, 2020 OVID had a staggering 4,340,752 shares shorted while trading a total of 28,424,832 shares as show the on OVID short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 3 days with no change but 1 cover days. Over the last ten trading days there were 5 short days, 4 days with no change but 1 cover days. The last twenty trading days there were 7 short day, 8 days with no change but 5 cover days.
Ovid Therapeutics Inc. (NASDAQ: OVID) 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 OVID Short Squeeze.
Ovid Therapeutics Inc. (NASDAQ: OVID) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||4,340,752|
|Total Actual Volume||28,424,832|
|Total Volume Discrepancy||19,267,741|
|No Change Days||8|
|Average Volume Discrepancy||963,387|
|Average Short Volume||217,037|
|Average Short Percentage||45%|
The Short Trend Indicator
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