United States Brent Oil Fund LP ETV (NYSE:BNO) Short Squeeze

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Over the past twenty days of trading, United States Brent Oil Fund LP ETV (NYSE: BNO), from March 26, 2020 to April 23, 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 BNO Short Squeeze.


United States Brent Oil Fund LP ETV (NYSE: BNO) Short Squeeze Analysis

During the last five days of trading, from April 17, 2020 to April 23, 2020 BNO had a staggering 1,794,376 shares shorted while trading a total of 32,707,324 shares as show the on BNO short page.

The last ten days of trading, from April 09, 2020 to April 23, 2020 BNO had a staggering 2,079,289 shares shorted while trading a total of 46,142,589 shares as show the on BNO short page.

Over the last twenty days of trading, from March 26, 2020 to April 23, 2020 BNO had a staggering 2,676,438 shares shorted while trading a total of 76,936,061 shares as show the on BNO 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 17 short day, 3 days with no change but 0 cover days.


United States Brent Oil Fund LP ETV (NYSE: BNO) 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 BNO Short Squeeze.


United States Brent Oil Fund LP ETV (NYSE: BNO) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,676,438
Total Actual Volume76,936,061
Total Volume Discrepancy72,975,336

Short Trends

Cover Days0
Short Days17
No Change Days3

Averages

Average Volume Discrepancy3,648,766
Average Short Volume133,821
Average Short Percentage64%

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

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