Over the past twenty days of trading, Trex Company Inc. (NYSE: TREX), 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 TREX Short Squeeze.
Trex Company Inc. (NYSE: TREX) Short Squeeze Analysis
During the last five days of trading, from April 15, 2020 to April 21, 2020 TREX had a staggering 96,274 shares shorted while trading a total of 4,642,386 shares as show the on TREX short page.
The last ten days of trading, from April 07, 2020 to April 21, 2020 TREX had a staggering 166,736 shares shorted while trading a total of 10,926,595 shares as show the on TREX short page.
Over the last twenty days of trading, from March 24, 2020 to April 21, 2020 TREX had a staggering 251,179 shares shorted while trading a total of 20,816,582 shares as show the on TREX short page.
According to our proprietary algorithm during the last five trading days there were 5 short days, 0 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 14 short day, 5 days with no change but 1 cover days.
Trex Company Inc. (NYSE: TREX) 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 TREX Short Squeeze.
Trex Company Inc. (NYSE: TREX) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||251,179|
|Total Actual Volume||20,816,582|
|Total Volume Discrepancy||20,418,676|
|No Change Days||5|
|Average Volume Discrepancy||1,020,933|
|Average Short Volume||12,558|
|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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