TPI Composites Inc. (NASDAQ:TPIC) Short Squeeze

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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 Volume1,354,527
Total Actual Volume8,922,028
Total Volume Discrepancy6,517,418

Short Trends

Cover Days3
Short Days14
No Change Days3

Averages

Average Volume Discrepancy325,870
Average Short Volume67,726
Average Short Percentage57%

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