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ProShares UltraShort Bloomberg Crude Oil (NYSE:SCO) Short Squeeze

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Over the past twenty days of trading, ProShares UltraShort Bloomberg Crude Oil (NYSE: SCO), 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 SCO Short Squeeze.


ProShares UltraShort Bloomberg Crude Oil (NYSE: SCO) Short Squeeze Analysis

During the last five days of trading, from November 08, 2019 to November 14, 2019 SCO had a staggering 844,169 shares shorted while trading a total of 12,325,473 shares as show the on SCO short page.

The last ten days of trading, from November 01, 2019 to November 14, 2019 SCO had a staggering 1,575,797 shares shorted while trading a total of 29,335,357 shares as show the on SCO short page.

Over the last twenty days of trading, from October 18, 2019 to November 14, 2019 SCO had a staggering 2,292,101 shares shorted while trading a total of 52,622,197 shares as show the on SCO short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 cover days. Over the last ten trading days there were 2 short days, 4 days with no change but 4 cover days. The last twenty trading days there were 2 short day, 6 days with no change but 12 cover days.


ProShares UltraShort Bloomberg Crude Oil (NYSE: SCO) 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 SCO Short Squeeze.


ProShares UltraShort Bloomberg Crude Oil (NYSE: SCO) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,292,101
Total Actual Volume52,622,197
Total Volume Discrepancy46,058,490

Short Trends

Cover Days12
Short Days2
No Change Days6

Averages

Average Volume Discrepancy2,302,924
Average Short Volume114,605
Average Short Percentage34%

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 ProShares UltraShort Bloomberg Crude Oil (NYSE: SCO) and doed not buy, sell, or trade any shares of SCO. This article does not provide a professional analysis of a (SCO) financial position. (SCO) financial position and all other information regarding the featured Company should be verified directly with (SCO). Please read our full disclaimer for more detailed information.