Over the past twenty days of trading, Spirit Airlines Inc. (NYSE: SAVE), from September 25, 2019 to March 26, 2020 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 SAVE Short Squeeze.
Spirit Airlines Inc. (NYSE: SAVE) Short Squeeze Analysis
During the last five days of trading, from March 20, 2020 to March 26, 2020 SAVE had a staggering 3,968,035 shares shorted while trading a total of 43,354,737 shares as show the on SAVE short page.
The last ten days of trading, from October 09, 2019 to March 26, 2020 SAVE had a staggering 4,908,229 shares shorted while trading a total of 56,664,145 shares as show the on SAVE short page.
Over the last twenty days of trading, from September 25, 2019 to March 26, 2020 SAVE had a staggering 5,058,528 shares shorted while trading a total of 67,499,773 shares as show the on SAVE short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 days with no change but 0 cover days. Over the last ten trading days there were 7 short days, 1 days with no change but 2 cover days. The last twenty trading days there were 9 short day, 5 days with no change but 6 cover days.
Spirit Airlines Inc. (NYSE: SAVE) 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 SAVE Short Squeeze.
Spirit Airlines Inc. (NYSE: SAVE) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||5,058,528|
|Total Actual Volume||67,499,773|
|Total Volume Discrepancy||59,011,604|
|No Change Days||5|
|Average Volume Discrepancy||2,950,580|
|Average Short Volume||252,926|
|Average Short Percentage||46%|
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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