ProShares UltraPro 3x Short Crude Oil (NYSE:OILD) Short Squeeze

squeeze report news post

Over the past twenty days of trading, ProShares UltraPro 3x Short Crude Oil (NYSE: OILD), from October 24, 2019 to November 20, 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 OILD Short Squeeze.


ProShares UltraPro 3x Short Crude Oil (NYSE: OILD) Short Squeeze Analysis

During the last five days of trading, from November 14, 2019 to November 20, 2019 OILD had a staggering 508,059 shares shorted while trading a total of 9,603,630 shares as show the on OILD short page.

The last ten days of trading, from November 07, 2019 to November 20, 2019 OILD had a staggering 1,021,383 shares shorted while trading a total of 15,666,314 shares as show the on OILD short page.

Over the last twenty days of trading, from October 24, 2019 to November 20, 2019 OILD had a staggering 1,873,529 shares shorted while trading a total of 29,573,431 shares as show the on OILD short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 0 days with no change but 3 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 10 short day, 4 days with no change but 6 cover days.


ProShares UltraPro 3x Short Crude Oil (NYSE: OILD) 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 OILD Short Squeeze.


ProShares UltraPro 3x Short Crude Oil (NYSE: OILD) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume1,873,529
Total Actual Volume29,573,431
Total Volume Discrepancy25,887,443

Short Trends

Cover Days6
Short Days10
No Change Days4

Averages

Average Volume Discrepancy1,294,372
Average Short Volume93,676
Average Short Percentage48%

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

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