Over the past twenty days of trading, RumbleOn Inc. (NASDAQ: RMBL), from April 24, 2020 to May 21, 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 RMBL Short Squeeze.
RumbleOn Inc. (NASDAQ: RMBL) Short Squeeze Analysis
During the last five days of trading, from May 15, 2020 to May 21, 2020 RMBL had a staggering 4,238,209 shares shorted while trading a total of 27,131,438 shares as show the on RMBL short page.
The last ten days of trading, from May 08, 2020 to May 21, 2020 RMBL had a staggering 13,030,432 shares shorted while trading a total of 81,829,283 shares as show the on RMBL short page.
Over the last twenty days of trading, from April 24, 2020 to May 21, 2020 RMBL had a staggering 28,969,403 shares shorted while trading a total of 191,466,192 shares as show the on RMBL short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 8 short days, 2 days with no change but 0 cover days. The last twenty trading days there were 15 short day, 4 days with no change but 1 cover days.
RumbleOn Inc. (NASDAQ: RMBL) 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 RMBL Short Squeeze.
RumbleOn Inc. (NASDAQ: RMBL) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||28,969,403|
|Total Actual Volume||191,466,192|
|Total Volume Discrepancy||136,886,863|
|No Change Days||4|
|Average Volume Discrepancy||6,844,343|
|Average Short Volume||1,448,470|
|Average Short Percentage||54%|
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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