Over the past twenty days of trading, Seattle Genetics Inc. (NASDAQ: SGEN), from September 20, 2019 to October 17, 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 SGEN Short Squeeze.
Seattle Genetics Inc. (NASDAQ: SGEN) Short Squeeze Analysis
During the last five days of trading, from October 11, 2019 to October 17, 2019 SGEN had a staggering 453,432 shares shorted while trading a total of 3,651,323 shares as show the on SGEN short page.
The last ten days of trading, from October 04, 2019 to October 17, 2019 SGEN had a staggering 1,124,223 shares shorted while trading a total of 8,331,533 shares as show the on SGEN short page.
Over the last twenty days of trading, from September 20, 2019 to October 17, 2019 SGEN had a staggering 2,868,049 shares shorted while trading a total of 21,927,811 shares as show the on SGEN short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 0 days with no change but 4 cover days. Over the last ten trading days there were 3 short days, 2 days with no change but 5 cover days. The last twenty trading days there were 9 short day, 5 days with no change but 6 cover days.
Seattle Genetics Inc. (NASDAQ: SGEN) 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 SGEN Short Squeeze.
Seattle Genetics Inc. (NASDAQ: SGEN) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||2,868,049|
|Total Actual Volume||21,927,811|
|Total Volume Discrepancy||15,629,957|
|No Change Days||5|
|Average Volume Discrepancy||781,497|
|Average Short Volume||143,402|
|Average Short Percentage||46%|
The Short Trend Indicator
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