Over the past twenty days of trading, Steelcase Inc. (NYSE: SCS), from December 09, 2019 to January 07, 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 SCS Short Squeeze.
Steelcase Inc. (NYSE: SCS) Short Squeeze Analysis
During the last five days of trading, from December 31, 2019 to January 07, 2020 SCS had a staggering 86,468 shares shorted while trading a total of 3,840,436 shares as show the on SCS short page.
The last ten days of trading, from December 23, 2019 to January 07, 2020 SCS had a staggering 116,308 shares shorted while trading a total of 7,003,907 shares as show the on SCS short page.
Over the last twenty days of trading, from December 09, 2019 to January 07, 2020 SCS had a staggering 993,594 shares shorted while trading a total of 23,483,426 shares as show the on SCS short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 1 days with no change but 0 cover days. Over the last ten trading days there were 5 short days, 1 days with no change but 4 cover days. The last twenty trading days there were 11 short day, 3 days with no change but 6 cover days.
Steelcase Inc. (NYSE: SCS) 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 SCS Short Squeeze.
Steelcase Inc. (NYSE: SCS) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||993,594|
|Total Actual Volume||23,483,426|
|Total Volume Discrepancy||21,359,272|
|No Change Days||3|
|Average Volume Discrepancy||1,067,963|
|Average Short Volume||49,679|
|Average Short Percentage||52%|
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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