Over the past twenty days of trading, Sorrento Therapeutics Inc. (NASDAQ: SRNE), from October 29, 2019 to November 25, 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 SRNE Short Squeeze.
Sorrento Therapeutics Inc. (NASDAQ: SRNE) Short Squeeze Analysis
During the last five days of trading, from November 19, 2019 to November 25, 2019 SRNE had a staggering 13,254,437 shares shorted while trading a total of 78,299,278 shares as show the on SRNE short page.
The last ten days of trading, from November 12, 2019 to November 25, 2019 SRNE had a staggering 14,310,689 shares shorted while trading a total of 84,945,417 shares as show the on SRNE short page.
Over the last twenty days of trading, from October 29, 2019 to November 25, 2019 SRNE had a staggering 15,909,304 shares shorted while trading a total of 95,646,095 shares as show the on SRNE 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 7 short days, 3 days with no change but 0 cover days. The last twenty trading days there were 15 short day, 5 days with no change but 0 cover days.
Sorrento Therapeutics Inc. (NASDAQ: SRNE) 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 SRNE Short Squeeze.
Sorrento Therapeutics Inc. (NASDAQ: SRNE) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||15,909,304|
|Total Actual Volume||95,646,095|
|Total Volume Discrepancy||71,725,626|
|No Change Days||5|
|Average Volume Discrepancy||3,586,281|
|Average Short Volume||795,465|
|Average Short Percentage||60%|
The Short Trend Indicator
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