ProShares UltraShort QQQ (NYSE:QID) Short Squeeze

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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 Volume4,108,291
Total Actual Volume38,358,457
Total Volume Discrepancy30,361,142

Short Trends

Cover Days0
Short Days13
No Change Days7

Averages

Average Volume Discrepancy1,518,057
Average Short Volume205,414
Average Short Percentage51%

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