SunPower Corporation (NASDAQ:SPWR) Short Squeeze

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Over the past twenty days of trading, SunPower Corporation (NASDAQ: SPWR), from September 27, 2019 to October 24, 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 SPWR Short Squeeze.


SunPower Corporation (NASDAQ: SPWR) Short Squeeze Analysis

During the last five days of trading, from October 18, 2019 to October 24, 2019 SPWR had a staggering 2,547,076 shares shorted while trading a total of 16,575,286 shares as show the on SPWR short page.

The last ten days of trading, from October 11, 2019 to October 24, 2019 SPWR had a staggering 4,166,945 shares shorted while trading a total of 29,855,118 shares as show the on SPWR short page.

Over the last twenty days of trading, from September 27, 2019 to October 24, 2019 SPWR had a staggering 10,938,564 shares shorted while trading a total of 72,973,339 shares as show the on SPWR 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 4 short days, 5 days with no change but 1 cover days. The last twenty trading days there were 8 short day, 11 days with no change but 1 cover days.


SunPower Corporation (NASDAQ: SPWR) 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 SPWR Short Squeeze.


SunPower Corporation (NASDAQ: SPWR) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume10,938,564
Total Actual Volume72,973,339
Total Volume Discrepancy51,390,261

Short Trends

Cover Days1
Short Days8
No Change Days11

Averages

Average Volume Discrepancy2,569,513
Average Short Volume546,928
Average Short Percentage49%

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