TrueCar Inc. (NASDAQ:TRUE) Short Squeeze

squeeze report news post

Over the past twenty days of trading, TrueCar Inc. (NASDAQ: TRUE), from November 21, 2019 to December 19, 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 TRUE Short Squeeze.


TrueCar Inc. (NASDAQ: TRUE) Short Squeeze Analysis

During the last five days of trading, from December 13, 2019 to December 19, 2019 TRUE had a staggering 1,442,969 shares shorted while trading a total of 9,395,693 shares as show the on TRUE short page.

The last ten days of trading, from December 06, 2019 to December 19, 2019 TRUE had a staggering 2,017,807 shares shorted while trading a total of 14,518,558 shares as show the on TRUE short page.

Over the last twenty days of trading, from November 21, 2019 to December 19, 2019 TRUE had a staggering 4,599,005 shares shorted while trading a total of 30,414,957 shares as show the on TRUE 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 10 short days, 0 days with no change but 0 cover days. The last twenty trading days there were 13 short day, 5 days with no change but 2 cover days.


TrueCar Inc. (NASDAQ: TRUE) 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 TRUE Short Squeeze.


TrueCar Inc. (NASDAQ: TRUE) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume4,599,005
Total Actual Volume30,414,957
Total Volume Discrepancy23,070,567

Short Trends

Cover Days2
Short Days13
No Change Days5

Averages

Average Volume Discrepancy1,153,528
Average Short Volume229,950
Average Short Percentage56%

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