Over the past twenty days of trading, Patrick Industries Inc. (NASDAQ: PATK), from April 02, 2020 to April 30, 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 PATK Short Squeeze.
Patrick Industries Inc. (NASDAQ: PATK) Short Squeeze Analysis
During the last five days of trading, from April 24, 2020 to April 30, 2020 PATK had a staggering 256,807 shares shorted while trading a total of 1,568,304 shares as show the on PATK short page.
The last ten days of trading, from April 17, 2020 to April 30, 2020 PATK had a staggering 347,321 shares shorted while trading a total of 2,549,510 shares as show the on PATK short page.
Over the last twenty days of trading, from April 02, 2020 to April 30, 2020 PATK had a staggering 662,678 shares shorted while trading a total of 4,978,021 shares as show the on PATK short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 5 short days, 5 days with no change but 0 cover days. The last twenty trading days there were 7 short day, 11 days with no change but 2 cover days.
Patrick Industries Inc. (NASDAQ: PATK) 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 PATK Short Squeeze.
Patrick Industries Inc. (NASDAQ: PATK) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||662,678|
|Total Actual Volume||4,978,021|
|Total Volume Discrepancy||3,622,382|
|No Change Days||11|
|Average Volume Discrepancy||181,119|
|Average Short Volume||33,133|
|Average Short Percentage||49%|
The Short Trend Indicator
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