Over the past twenty days of trading, ProShares UltraShort QQQ (NYSE: QID), from October 31, 2019 to November 27, 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 QID Short Squeeze.
ProShares UltraShort QQQ (NYSE: QID) Short Squeeze Analysis
During the last five days of trading, from November 21, 2019 to November 27, 2019 QID had a staggering 1,057,136 shares shorted while trading a total of 8,377,279 shares as show the on QID short page.
The last ten days of trading, from November 14, 2019 to November 27, 2019 QID had a staggering 1,939,908 shares shorted while trading a total of 17,812,061 shares as show the on QID short page.
Over the last twenty days of trading, from October 31, 2019 to November 27, 2019 QID had a staggering 4,108,291 shares shorted while trading a total of 38,358,457 shares as show the on QID short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 7 days with no change but 0 cover days.
ProShares UltraShort QQQ (NYSE: QID) 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 QID Short Squeeze.
ProShares UltraShort QQQ (NYSE: QID) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||4,108,291|
|Total Actual Volume||38,358,457|
|Total Volume Discrepancy||30,361,142|
|No Change Days||7|
|Average Volume Discrepancy||1,518,057|
|Average Short Volume||205,414|
|Average Short Percentage||51%|
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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