Silicon Motion Technology Corporation (NASDAQ:SIMO) Short Squeeze

squeeze report news post

Over the past twenty days of trading, Silicon Motion Technology Corporation (NASDAQ: SIMO), from February 11, 2020 to April 14, 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 SIMO Short Squeeze.


Silicon Motion Technology Corporation (NASDAQ: SIMO) Short Squeeze Analysis

During the last five days of trading, from April 07, 2020 to April 14, 2020 SIMO had a staggering 216,307 shares shorted while trading a total of 1,801,495 shares as show the on SIMO short page.

The last ten days of trading, from March 31, 2020 to April 14, 2020 SIMO had a staggering 459,189 shares shorted while trading a total of 4,205,941 shares as show the on SIMO short page.

Over the last twenty days of trading, from February 11, 2020 to April 14, 2020 SIMO had a staggering 762,823 shares shorted while trading a total of 8,278,096 shares as show the on SIMO short page.

According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 4 short days, 6 days with no change but 0 cover days. The last twenty trading days there were 5 short day, 12 days with no change but 3 cover days.


Silicon Motion Technology Corporation (NASDAQ: SIMO) 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 SIMO Short Squeeze.


Silicon Motion Technology Corporation (NASDAQ: SIMO) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume762,823
Total Actual Volume8,278,096
Total Volume Discrepancy6,566,580

Short Trends

Cover Days3
Short Days5
No Change Days12

Averages

Average Volume Discrepancy328,329
Average Short Volume38,141
Average Short Percentage44%

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 Silicon Motion Technology Corporation (NASDAQ: SIMO) and doed not buy, sell, or trade any shares of SIMO. This article does not provide a professional analysis of a (SIMO) financial position. (SIMO) financial position and all other information regarding the featured Company should be verified directly with (SIMO). Please read our full disclaimer for more detailed information.