Over the past twenty days of trading, TPI Composites Inc. (NASDAQ: TPIC), from April 09, 2020 to May 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 TPIC Short Squeeze.
TPI Composites Inc. (NASDAQ: TPIC) Short Squeeze Analysis
During the last five days of trading, from May 01, 2020 to May 07, 2020 TPIC had a staggering 297,617 shares shorted while trading a total of 1,735,956 shares as show the on TPIC short page.
The last ten days of trading, from April 24, 2020 to May 07, 2020 TPIC had a staggering 597,957 shares shorted while trading a total of 3,487,767 shares as show the on TPIC short page.
Over the last twenty days of trading, from April 09, 2020 to May 07, 2020 TPIC had a staggering 1,354,527 shares shorted while trading a total of 8,922,028 shares as show the on TPIC short page.
According to our proprietary algorithm during the last five trading days there were 4 short days, 0 days with no change but 1 cover days. Over the last ten trading days there were 5 short days, 2 days with no change but 3 cover days. The last twenty trading days there were 14 short day, 3 days with no change but 3 cover days.
TPI Composites Inc. (NASDAQ: TPIC) 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 TPIC Short Squeeze.
TPI Composites Inc. (NASDAQ: TPIC) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||1,354,527|
|Total Actual Volume||8,922,028|
|Total Volume Discrepancy||6,517,418|
|No Change Days||3|
|Average Volume Discrepancy||325,870|
|Average Short Volume||67,726|
|Average Short Percentage||57%|
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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