Teekay Tankers Ltd. (NYSE:TNK) Short Squeeze

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Over the past twenty days of trading, Teekay Tankers Ltd. (NYSE: TNK), from March 24, 2020 to April 21, 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 TNK Short Squeeze.


Teekay Tankers Ltd. (NYSE: TNK) Short Squeeze Analysis

During the last five days of trading, from April 15, 2020 to April 21, 2020 TNK had a staggering 425,635 shares shorted while trading a total of 10,211,846 shares as show the on TNK short page.

The last ten days of trading, from April 07, 2020 to April 21, 2020 TNK had a staggering 662,087 shares shorted while trading a total of 18,292,186 shares as show the on TNK short page.

Over the last twenty days of trading, from March 24, 2020 to April 21, 2020 TNK had a staggering 1,195,779 shares shorted while trading a total of 35,124,949 shares as show the on TNK 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 4 short day, 13 days with no change but 3 cover days.


Teekay Tankers Ltd. (NYSE: TNK) 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 TNK Short Squeeze.


Teekay Tankers Ltd. (NYSE: TNK) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume1,195,779
Total Actual Volume35,124,949
Total Volume Discrepancy32,465,515

Short Trends

Cover Days3
Short Days4
No Change Days13

Averages

Average Volume Discrepancy1,623,275
Average Short Volume59,788
Average Short Percentage43%

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