Over the past twenty days of trading, ProShares UltraPro Dow30 (NYSE: UDOW), from April 30, 2020 to May 28, 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 UDOW Short Squeeze.
ProShares UltraPro Dow30 (NYSE: UDOW) Short Squeeze Analysis
During the last five days of trading, from May 21, 2020 to May 28, 2020 UDOW had a staggering 2,106,131 shares shorted while trading a total of 25,564,799 shares as show the on UDOW short page.
The last ten days of trading, from May 14, 2020 to May 28, 2020 UDOW had a staggering 4,676,684 shares shorted while trading a total of 58,482,947 shares as show the on UDOW short page.
Over the last twenty days of trading, from April 30, 2020 to May 28, 2020 UDOW had a staggering 8,567,180 shares shorted while trading a total of 109,721,115 shares as show the on UDOW short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 2 short days, 6 days with no change but 2 cover days. The last twenty trading days there were 4 short day, 13 days with no change but 3 cover days.
ProShares UltraPro Dow30 (NYSE: UDOW) 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 UDOW Short Squeeze.
ProShares UltraPro Dow30 (NYSE: UDOW) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||8,567,180|
|Total Actual Volume||109,721,115|
|Total Volume Discrepancy||90,020,424|
|No Change Days||13|
|Average Volume Discrepancy||4,501,021|
|Average Short Volume||428,359|
|Average Short Percentage||43%|
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.
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