Over the past twenty days of trading, Penn National Gaming Inc. (NASDAQ: PENN), from September 17, 2019 to March 19, 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 PENN Short Squeeze.
Penn National Gaming Inc. (NASDAQ: PENN) Short Squeeze Analysis
During the last five days of trading, from October 09, 2019 to March 19, 2020 PENN had a staggering 4,838,658 shares shorted while trading a total of 22,893,373 shares as show the on PENN short page.
The last ten days of trading, from October 02, 2019 to March 19, 2020 PENN had a staggering 5,400,077 shares shorted while trading a total of 30,013,531 shares as show the on PENN short page.
Over the last twenty days of trading, from September 17, 2019 to March 19, 2020 PENN had a staggering 6,731,344 shares shorted while trading a total of 42,795,653 shares as show the on PENN short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 1 days with no change but 3 cover days. Over the last ten trading days there were 2 short days, 5 days with no change but 3 cover days. The last twenty trading days there were 6 short day, 11 days with no change but 3 cover days.
Penn National Gaming Inc. (NASDAQ: PENN) 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 PENN Short Squeeze.
Penn National Gaming Inc. (NASDAQ: PENN) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||6,731,344|
|Total Actual Volume||42,795,653|
|Total Volume Discrepancy||30,905,369|
|No Change Days||11|
|Average Volume Discrepancy||1,545,268|
|Average Short Volume||336,567|
|Average Short Percentage||44%|
The Short Trend Indicator
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