Over the past twenty days of trading, Planet Fitness Inc. (NYSE: PLNT), from January 16, 2020 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 PLNT Short Squeeze.
Planet Fitness Inc. (NYSE: PLNT) Short Squeeze Analysis
During the last five days of trading, from February 07, 2020 to March 19, 2020 PLNT had a staggering 320,011 shares shorted while trading a total of 10,210,595 shares as show the on PLNT short page.
The last ten days of trading, from January 31, 2020 to March 19, 2020 PLNT had a staggering 388,725 shares shorted while trading a total of 14,368,409 shares as show the on PLNT short page.
Over the last twenty days of trading, from January 16, 2020 to March 19, 2020 PLNT had a staggering 514,374 shares shorted while trading a total of 22,047,878 shares as show the on PLNT 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 12 short day, 5 days with no change but 3 cover days.
Planet Fitness Inc. (NYSE: PLNT) 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 PLNT Short Squeeze.
Planet Fitness Inc. (NYSE: PLNT) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||514,374|
|Total Actual Volume||22,047,878|
|Total Volume Discrepancy||21,063,628|
|No Change Days||5|
|Average Volume Discrepancy||1,053,181|
|Average Short Volume||25,718|
|Average Short Percentage||53%|
The Short Trend Indicator
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