Over the past twenty days of trading, SPDR Select Sector Fund – Consumer Staples (NYSE: XLP), from September 20, 2019 to October 17, 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 XLP Short Squeeze.
SPDR Select Sector Fund – Consumer Staples (NYSE: XLP) Short Squeeze Analysis
During the last five days of trading, from October 11, 2019 to October 17, 2019 XLP had a staggering 426,896 shares shorted while trading a total of 55,457,747 shares as show the on XLP short page.
The last ten days of trading, from October 04, 2019 to October 17, 2019 XLP had a staggering 695,623 shares shorted while trading a total of 109,379,239 shares as show the on XLP short page.
Over the last twenty days of trading, from September 20, 2019 to October 17, 2019 XLP had a staggering 1,641,621 shares shorted while trading a total of 264,516,110 shares as show the on XLP short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 2 days with no change but 1 cover days. Over the last ten trading days there were 3 short days, 5 days with no change but 2 cover days. The last twenty trading days there were 10 short day, 7 days with no change but 3 cover days.
SPDR Select Sector Fund – Consumer Staples (NYSE: XLP) 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 XLP Short Squeeze.
SPDR Select Sector Fund – Consumer Staples (NYSE: XLP) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,641,621|
|Total Actual Volume||264,516,110|
|Total Volume Discrepancy||261,169,012|
|No Change Days||7|
|Average Volume Discrepancy||13,058,450|
|Average Short Volume||82,081|
|Average Short Percentage||48%|
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.
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