Over the past twenty days of trading, Redhill Biopharma Ltd. (NASDAQ: RDHL), from April 02, 2020 to April 30, 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 RDHL Short Squeeze.
Redhill Biopharma Ltd. (NASDAQ: RDHL) Short Squeeze Analysis
During the last five days of trading, from April 24, 2020 to April 30, 2020 RDHL had a staggering 879,356 shares shorted while trading a total of 5,257,823 shares as show the on RDHL short page.
The last ten days of trading, from April 17, 2020 to April 30, 2020 RDHL had a staggering 1,864,169 shares shorted while trading a total of 9,541,732 shares as show the on RDHL short page.
Over the last twenty days of trading, from April 02, 2020 to April 30, 2020 RDHL had a staggering 3,058,950 shares shorted while trading a total of 16,323,787 shares as show the on RDHL short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 4 days with no change but 3 cover days.
Redhill Biopharma Ltd. (NASDAQ: RDHL) 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 RDHL Short Squeeze.
Redhill Biopharma Ltd. (NASDAQ: RDHL) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||3,058,950|
|Total Actual Volume||16,323,787|
|Total Volume Discrepancy||10,646,991|
|No Change Days||4|
|Average Volume Discrepancy||532,349|
|Average Short Volume||152,947|
|Average Short Percentage||51%|
The Short Trend Indicator
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