Slack Technologies Inc. Class A (NYSE:WORK) Short Squeeze

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Over the past twenty days of trading, Slack Technologies Inc. Class A (NYSE: WORK), from October 21, 2019 to November 15, 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 WORK Short Squeeze.


Slack Technologies Inc. Class A (NYSE: WORK) Short Squeeze Analysis

During the last five days of trading, from November 11, 2019 to November 15, 2019 WORK had a staggering 2,067,824 shares shorted while trading a total of 34,840,146 shares as show the on WORK short page.

The last ten days of trading, from November 04, 2019 to November 15, 2019 WORK had a staggering 5,158,974 shares shorted while trading a total of 74,139,764 shares as show the on WORK short page.

Over the last twenty days of trading, from October 21, 2019 to November 15, 2019 WORK had a staggering 11,766,417 shares shorted while trading a total of 167,345,847 shares as show the on WORK short page.

According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 7 days with no change but 0 cover days.


Slack Technologies Inc. Class A (NYSE: WORK) 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 WORK Short Squeeze.


Slack Technologies Inc. Class A (NYSE: WORK) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume11,766,417
Total Actual Volume167,345,847
Total Volume Discrepancy145,931,588

Short Trends

Cover Days0
Short Days13
No Change Days7

Averages

Average Volume Discrepancy7,296,579
Average Short Volume588,320
Average Short Percentage54%

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 Slack Technologies Inc. Class A (NYSE: WORK) and doed not buy, sell, or trade any shares of WORK. This article does not provide a professional analysis of a (WORK) financial position. (WORK) financial position and all other information regarding the featured Company should be verified directly with (WORK). Please read our full disclaimer for more detailed information.