Sorrento Therapeutics Inc. (NASDAQ:SRNE) Short Squeeze

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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 Volume15,909,304
Total Actual Volume95,646,095
Total Volume Discrepancy71,725,626

Short Trends

Cover Days0
Short Days15
No Change Days5

Averages

Average Volume Discrepancy3,586,281
Average Short Volume795,465
Average Short Percentage60%

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