Over the past twenty days of trading, Portola Pharmaceuticals Inc. (NASDAQ: PTLA), from April 15, 2020 to May 12, 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 PTLA Short Squeeze.
Portola Pharmaceuticals Inc. (NASDAQ: PTLA) Short Squeeze Analysis
During the last five days of trading, from May 06, 2020 to May 12, 2020 PTLA had a staggering 4,026,192 shares shorted while trading a total of 41,309,272 shares as show the on PTLA short page.
The last ten days of trading, from April 29, 2020 to May 12, 2020 PTLA had a staggering 10,113,349 shares shorted while trading a total of 144,980,827 shares as show the on PTLA short page.
Over the last twenty days of trading, from April 15, 2020 to May 12, 2020 PTLA had a staggering 12,452,890 shares shorted while trading a total of 161,743,934 shares as show the on PTLA short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 5 short days, 3 days with no change but 2 cover days. The last twenty trading days there were 8 short day, 6 days with no change but 6 cover days.
Portola Pharmaceuticals Inc. (NASDAQ: PTLA) 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 PTLA Short Squeeze.
Portola Pharmaceuticals Inc. (NASDAQ: PTLA) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||12,452,890|
|Total Actual Volume||161,743,934|
|Total Volume Discrepancy||102,752,611|
|No Change Days||6|
|Average Volume Discrepancy||5,137,630|
|Average Short Volume||622,644|
|Average Short Percentage||42%|
The Short Trend Indicator
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