Over the past twenty days of trading, Transocean Ltd (NYSE: RIG), from February 07, 2020 to April 09, 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 RIG Short Squeeze.
Transocean Ltd (NYSE: RIG) Short Squeeze Analysis
During the last five days of trading, from April 03, 2020 to April 09, 2020 RIG had a staggering 14,157,981 shares shorted while trading a total of 165,823,713 shares as show the on RIG short page.
The last ten days of trading, from March 27, 2020 to April 09, 2020 RIG had a staggering 22,745,998 shares shorted while trading a total of 278,952,448 shares as show the on RIG short page.
Over the last twenty days of trading, from February 07, 2020 to April 09, 2020 RIG had a staggering 38,830,482 shares shorted while trading a total of 535,244,985 shares as show the on RIG short page.
According to our proprietary algorithm during the last five trading days there were 3 short days, 2 days with no change but 0 cover days. Over the last ten trading days there were 6 short days, 4 days with no change but 0 cover days. The last twenty trading days there were 12 short day, 7 days with no change but 1 cover days.
Transocean Ltd (NYSE: RIG) 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 RIG Short Squeeze.
Transocean Ltd (NYSE: RIG) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||38,830,482|
|Total Actual Volume||535,244,985|
|Total Volume Discrepancy||462,502,883|
|No Change Days||7|
|Average Volume Discrepancy||23,125,144|
|Average Short Volume||1,941,524|
|Average Short Percentage||52%|
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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