Over the past twenty days of trading, Ringcentral Inc. Class A (NYSE: RNG), from September 27, 2019 to October 24, 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 RNG Short Squeeze.
Ringcentral Inc. Class A (NYSE: RNG) Short Squeeze Analysis
During the last five days of trading, from October 18, 2019 to October 24, 2019 RNG had a staggering 31,873 shares shorted while trading a total of 6,484,758 shares as show the on RNG short page.
The last ten days of trading, from October 11, 2019 to October 24, 2019 RNG had a staggering 134,364 shares shorted while trading a total of 11,176,538 shares as show the on RNG short page.
Over the last twenty days of trading, from September 27, 2019 to October 24, 2019 RNG had a staggering 1,432,408 shares shorted while trading a total of 35,266,049 shares as show the on RNG short page.
According to our proprietary algorithm during the last five trading days there were 0 short days, 0 days with no change but 5 cover days. Over the last ten trading days there were 0 short days, 4 days with no change but 6 cover days. The last twenty trading days there were 4 short day, 6 days with no change but 10 cover days.
Ringcentral Inc. Class A (NYSE: RNG) 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 RNG Short Squeeze.
Ringcentral Inc. Class A (NYSE: RNG) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,432,408|
|Total Actual Volume||35,266,049|
|Total Volume Discrepancy||32,866,990|
|No Change Days||6|
|Average Volume Discrepancy||1,643,349|
|Average Short Volume||71,620|
|Average Short Percentage||37%|
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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