Rite Aid Corporation (NYSE:RAD) Short Squeeze

squeeze report news post

Over the past twenty days of trading, Rite Aid Corporation (NYSE: RAD), from November 01, 2019 to November 29, 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 RAD Short Squeeze.


Rite Aid Corporation (NYSE: RAD) Short Squeeze Analysis

During the last five days of trading, from November 22, 2019 to November 29, 2019 RAD had a staggering 1,038,871 shares shorted while trading a total of 6,514,868 shares as show the on RAD short page.

The last ten days of trading, from November 15, 2019 to November 29, 2019 RAD had a staggering 1,878,424 shares shorted while trading a total of 12,873,004 shares as show the on RAD short page.

Over the last twenty days of trading, from November 01, 2019 to November 29, 2019 RAD had a staggering 4,938,560 shares shorted while trading a total of 36,960,561 shares as show the on RAD 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 6 short days, 4 days with no change but 0 cover days. The last twenty trading days there were 12 short day, 7 days with no change but 1 cover days.


Rite Aid Corporation (NYSE: RAD) 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 RAD Short Squeeze.


Rite Aid Corporation (NYSE: RAD) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume4,938,560
Total Actual Volume36,960,561
Total Volume Discrepancy27,437,175

Short Trends

Cover Days1
Short Days12
No Change Days7

Averages

Average Volume Discrepancy1,371,858
Average Short Volume246,928
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 Rite Aid Corporation (NYSE: RAD) and doed not buy, sell, or trade any shares of RAD. This article does not provide a professional analysis of a (RAD) financial position. (RAD) financial position and all other information regarding the featured Company should be verified directly with (RAD). Please read our full disclaimer for more detailed information.