Portola Pharmaceuticals Inc. (NASDAQ:PTLA) Short Squeeze

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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 Volume12,452,890
Total Actual Volume161,743,934
Total Volume Discrepancy102,752,611

Short Trends

Cover Days6
Short Days8
No Change Days6

Averages

Average Volume Discrepancy5,137,630
Average Short Volume622,644
Average Short Percentage42%

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.


Disclaimer

This article is for the purposes of solicitation subscriptions for Squeeze Report. The company Squeeze Report expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. Squeeze Report or it’s authors do not own any shares of Portola Pharmaceuticals Inc. (NASDAQ: PTLA) and doed not buy, sell, or trade any shares of PTLA. This article does not provide a professional analysis of a (PTLA) financial position. (PTLA) financial position and all other information regarding the featured Company should be verified directly with (PTLA). Please read our full disclaimer for more detailed information.