Over the past twenty days of trading, Pacific Biosciences of California Inc. (NASDAQ: PACB), from March 19, 2024 to April 16, 2024 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 PACB Short Squeeze.
Pacific Biosciences of California Inc. (NASDAQ: PACB) Short Squeeze Analysis
During the last five days of trading, from April 10, 2024 to April 16, 2024 PACB had a staggering 23,102,405 shares shorted while trading a total of 96,320,158 shares as show the on PACB short page.
The last ten days of trading, from April 03, 2024 to April 16, 2024 PACB had a staggering 28,352,489 shares shorted while trading a total of 124,848,340 shares as show the on PACB short page.
Over the last twenty days of trading, from March 19, 2024 to April 16, 2024 PACB had a staggering 38,230,265 shares shorted while trading a total of 194,752,037 shares as show the on PACB 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 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 11 short day, 8 days with no change but 1 cover days.
Pacific Biosciences of California Inc. (NASDAQ: PACB) 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 PACB Short Squeeze.
Pacific Biosciences of California Inc. (NASDAQ: PACB) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 38,230,265 |
| Total Actual Volume | 194,752,037 |
| Total Volume Discrepancy | 119,425,318 |
Short Trends
| Cover Days | 1 |
| Short Days | 11 |
| No Change Days | 8 |
Averages
| Average Volume Discrepancy | 5,971,265 |
| Average Short Volume | 1,911,513 |
| Average Short Percentage | 51% |
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.
Pacific Biosciences of California Inc. (NASDAQ: PACB) Chart
Disclaimer
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