Over the past twenty days of trading, ProShares UltraPro Short QQQ (NASDAQ: SQQQ), from October 18, 2019 to November 14, 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 SQQQ Short Squeeze.
ProShares UltraPro Short QQQ (NASDAQ: SQQQ) Short Squeeze Analysis
During the last five days of trading, from November 08, 2019 to November 14, 2019 SQQQ had a staggering 3,879,324 shares shorted while trading a total of 45,827,448 shares as show the on SQQQ short page.
The last ten days of trading, from November 01, 2019 to November 14, 2019 SQQQ had a staggering 8,492,774 shares shorted while trading a total of 101,817,996 shares as show the on SQQQ short page.
Over the last twenty days of trading, from October 18, 2019 to November 14, 2019 SQQQ had a staggering 21,153,807 shares shorted while trading a total of 219,299,389 shares as show the on SQQQ short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 2 days with no change but 3 cover days. Over the last ten trading days there were 1 short days, 4 days with no change but 5 cover days. The last twenty trading days there were 3 short day, 7 days with no change but 10 cover days.
ProShares UltraPro Short QQQ (NASDAQ: SQQQ) 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 SQQQ Short Squeeze.
ProShares UltraPro Short QQQ (NASDAQ: SQQQ) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||21,153,807|
|Total Actual Volume||219,299,389|
|Total Volume Discrepancy||165,774,018|
|No Change Days||7|
|Average Volume Discrepancy||8,288,700|
|Average Short Volume||1,057,690|
|Average Short Percentage||39%|
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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