Purple Innovation Inc. (NASDAQ:PRPL) Short Squeeze

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Over the past twenty days of trading, Purple Innovation Inc. (NASDAQ: PRPL), from April 17, 2020 to May 14, 2020 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 PRPL Short Squeeze.


Purple Innovation Inc. (NASDAQ: PRPL) Short Squeeze Analysis

During the last five days of trading, from May 08, 2020 to May 14, 2020 PRPL had a staggering 924,380 shares shorted while trading a total of 5,650,087 shares as show the on PRPL short page.

The last ten days of trading, from May 01, 2020 to May 14, 2020 PRPL had a staggering 1,130,714 shares shorted while trading a total of 6,890,757 shares as show the on PRPL short page.

Over the last twenty days of trading, from April 17, 2020 to May 14, 2020 PRPL had a staggering 2,013,102 shares shorted while trading a total of 11,597,923 shares as show the on PRPL short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 1 days with no change but 2 cover days. Over the last ten trading days there were 6 short days, 2 days with no change but 2 cover days. The last twenty trading days there were 11 short day, 7 days with no change but 2 cover days.


Purple Innovation Inc. (NASDAQ: PRPL) 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 PRPL Short Squeeze.


Purple Innovation Inc. (NASDAQ: PRPL) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,013,102
Total Actual Volume11,597,923
Total Volume Discrepancy7,507,702

Short Trends

Cover Days2
Short Days11
No Change Days7

Averages

Average Volume Discrepancy375,385
Average Short Volume100,655
Average Short Percentage52%

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