Over the past twenty days of trading, Snap Inc. Class A (NYSE: SNAP), from March 28, 2024 to April 25, 2024 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 SNAP Short Squeeze.
Snap Inc. Class A (NYSE: SNAP) Short Squeeze Analysis
During the last five days of trading, from April 19, 2024 to April 25, 2024 SNAP had a staggering 2,224,882 shares shorted while trading a total of 162,820,815 shares as show the on SNAP short page.
The last ten days of trading, from April 12, 2024 to April 25, 2024 SNAP had a staggering 4,701,385 shares shorted while trading a total of 343,032,302 shares as show the on SNAP short page.
Over the last twenty days of trading, from March 28, 2024 to April 25, 2024 SNAP had a staggering 7,221,755 shares shorted while trading a total of 498,900,162 shares as show the on SNAP 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 8 short days, 2 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.
Snap Inc. Class A (NYSE: SNAP) 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 SNAP Short Squeeze.
Snap Inc. Class A (NYSE: SNAP) Short Squeeze Data
Twenty Day trading Totals
| Total Shorted Volume | 7,221,755 |
| Total Actual Volume | 498,900,162 |
| Total Volume Discrepancy | 486,333,717 |
Short Trends
| Cover Days | 0 |
| Short Days | 16 |
| No Change Days | 4 |
Averages
| Average Volume Discrepancy | 24,316,685 |
| Average Short Volume | 361,087 |
| Average Short Percentage | 58% |
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.
Snap Inc. Class A (NYSE: SNAP) Chart
Disclaimer
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