Over the past twenty days of trading, Protagonist Therapeutics Inc. (NASDAQ: PTGX), from November 25, 2019 to December 23, 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 PTGX Short Squeeze.
Protagonist Therapeutics Inc. (NASDAQ: PTGX) Short Squeeze Analysis
During the last five days of trading, from December 17, 2019 to December 23, 2019 PTGX had a staggering 175,748 shares shorted while trading a total of 1,731,917 shares as show the on PTGX short page.
The last ten days of trading, from December 10, 2019 to December 23, 2019 PTGX had a staggering 434,079 shares shorted while trading a total of 3,483,428 shares as show the on PTGX short page.
Over the last twenty days of trading, from November 25, 2019 to December 23, 2019 PTGX had a staggering 3,968,054 shares shorted while trading a total of 32,562,890 shares as show the on PTGX short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 0 days with no change but 2 cover days. Over the last ten trading days there were 7 short days, 1 days with no change but 2 cover days. The last twenty trading days there were 12 short day, 3 days with no change but 5 cover days.
Protagonist Therapeutics Inc. (NASDAQ: PTGX) 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 PTGX Short Squeeze.
Protagonist Therapeutics Inc. (NASDAQ: PTGX) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||3,968,054|
|Total Actual Volume||32,562,890|
|Total Volume Discrepancy||23,999,800|
|No Change Days||3|
|Average Volume Discrepancy||1,199,990|
|Average Short Volume||198,402|
|Average Short Percentage||50%|
The Short Trend Indicator
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