Over the past twenty days of trading, The Michaels Companies Inc. (NASDAQ: MIK), from October 28, 2019 to November 22, 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 MIK Short Squeeze.
The Michaels Companies Inc. (NASDAQ: MIK) Short Squeeze Analysis
During the last five days of trading, from November 18, 2019 to November 22, 2019 MIK had a staggering 1,697,702 shares shorted while trading a total of 8,775,578 shares as show the on MIK short page.
The last ten days of trading, from November 11, 2019 to November 22, 2019 MIK had a staggering 2,772,660 shares shorted while trading a total of 16,738,822 shares as show the on MIK short page.
Over the last twenty days of trading, from October 28, 2019 to November 22, 2019 MIK had a staggering 5,822,556 shares shorted while trading a total of 41,178,219 shares as show the on MIK 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 9 short days, 1 days with no change but 0 cover days. The last twenty trading days there were 15 short day, 3 days with no change but 2 cover days.
The Michaels Companies Inc. (NASDAQ: MIK) 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 MIK Short Squeeze.
The Michaels Companies Inc. (NASDAQ: MIK) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||5,822,556|
|Total Actual Volume||41,178,219|
|Total Volume Discrepancy||31,014,103|
|No Change Days||3|
|Average Volume Discrepancy||1,550,705|
|Average Short Volume||291,127|
|Average Short Percentage||60%|
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.
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 The Michaels Companies Inc. (NASDAQ: MIK) and doed not buy, sell, or trade any shares of MIK. This article does not provide a professional analysis of a (MIK) financial position. (MIK) financial position and all other information regarding the featured Company should be verified directly with (MIK). Please read our full disclaimer for more detailed information.