Over the past twenty days of trading, Progenics Pharmaceuticals Inc. (NASDAQ: PGNX), from September 16, 2019 to October 15, 2019 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 PGNX Short Squeeze.
Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) Short Squeeze Analysis
During the last five days of trading, from October 08, 2019 to October 15, 2019 PGNX had a staggering 600,192 shares shorted while trading a total of 5,344,832 shares as show the on PGNX short page.
The last ten days of trading, from October 01, 2019 to October 15, 2019 PGNX had a staggering 2,945,420 shares shorted while trading a total of 25,433,508 shares as show the on PGNX short page.
Over the last twenty days of trading, from September 16, 2019 to October 15, 2019 PGNX had a staggering 4,506,621 shares shorted while trading a total of 37,495,493 shares as show the on PGNX short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 1 days with no change but 1 cover days. Over the last ten trading days there were 5 short days, 2 days with no change but 3 cover days. The last twenty trading days there were 13 short day, 3 days with no change but 4 cover days.
Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) 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 PGNX Short Squeeze.
Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||4,506,621|
|Total Actual Volume||37,495,493|
|Total Volume Discrepancy||26,285,870|
|No Change Days||3|
|Average Volume Discrepancy||1,314,293|
|Average Short Volume||225,331|
|Average Short Percentage||55%|
The Short Trend Indicator
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