SMART Global Holdings Inc. (NASDAQ:SGH) Short Squeeze

0
squeeze report news post

Over the past twenty days of trading, SMART Global Holdings Inc. (NASDAQ: SGH), from November 22, 2019 to December 20, 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 SGH Short Squeeze.


SMART Global Holdings Inc. (NASDAQ: SGH) Short Squeeze Analysis

During the last five days of trading, from December 16, 2019 to December 20, 2019 SGH had a staggering 452,949 shares shorted while trading a total of 3,788,943 shares as show the on SGH short page.

The last ten days of trading, from December 09, 2019 to December 20, 2019 SGH had a staggering 579,387 shares shorted while trading a total of 4,608,521 shares as show the on SGH short page.

Over the last twenty days of trading, from November 22, 2019 to December 20, 2019 SGH had a staggering 779,454 shares shorted while trading a total of 6,136,162 shares as show the on SGH 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 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 16 short day, 4 days with no change but 0 cover days.


SMART Global Holdings Inc. (NASDAQ: SGH) 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 SGH Short Squeeze.


SMART Global Holdings Inc. (NASDAQ: SGH) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume779,454
Total Actual Volume6,136,162
Total Volume Discrepancy4,872,478

Short Trends

Cover Days0
Short Days16
No Change Days4

Averages

Average Volume Discrepancy243,623
Average Short Volume38,972
Average Short Percentage61%

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