Over the past twenty days of trading, Pinduoduo Inc. (NASDAQ: PDD), from January 24, 2023 to February 21, 2023 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 PDD Short Squeeze.
Pinduoduo Inc. (NASDAQ: PDD) Short Squeeze Analysis
During the last five days of trading, from February 14, 2023 to February 21, 2023 PDD had a staggering 3,632,428 shares shorted while trading a total of 48,104,627 shares as show the on PDD short page.
The last ten days of trading, from February 07, 2023 to February 21, 2023 PDD had a staggering 6,884,332 shares shorted while trading a total of 84,101,372 shares as show the on PDD short page.
Over the last twenty days of trading, from January 24, 2023 to February 21, 2023 PDD had a staggering 15,195,912 shares shorted while trading a total of 158,080,624 shares as show the on PDD short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 4 days with no change but 1 cover days. Over the last ten trading days there were 2 short days, 6 days with no change but 2 cover days. The last twenty trading days there were 7 short day, 11 days with no change but 2 cover days.
Pinduoduo Inc. (NASDAQ: PDD) 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 PDD Short Squeeze.
Pinduoduo Inc. (NASDAQ: PDD) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 15,195,912 |
| Total Actual Volume | 158,080,624 |
| Total Volume Discrepancy | 124,652,881 |
Short Trends
| Cover Days | 2 |
| Short Days | 7 |
| No Change Days | 11 |
Averages
| Average Volume Discrepancy | 6,232,644 |
| Average Short Volume | 759,795 |
| Average Short Percentage | 48% |
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.
Pinduoduo Inc. (NASDAQ: PDD) Chart
Disclaimer
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