Over the past twenty days of trading, United States Oil Fund (NYSE: USO), from April 14, 2023 to May 11, 2023 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 USO Short Squeeze.
United States Oil Fund (NYSE: USO) Short Squeeze Analysis
During the last five days of trading, from May 05, 2023 to May 11, 2023 USO had a staggering 721,250 shares shorted while trading a total of 20,665,051 shares as show the on USO short page.
The last ten days of trading, from April 28, 2023 to May 11, 2023 USO had a staggering 1,854,251 shares shorted while trading a total of 50,103,206 shares as show the on USO short page.
Over the last twenty days of trading, from April 14, 2023 to May 11, 2023 USO had a staggering 3,594,868 shares shorted while trading a total of 80,035,007 shares as show the on USO short page.
According to our proprietary algorithm during the last five trading days there were 1 short days, 3 days with no change but 1 cover days. Over the last ten trading days there were 1 short days, 6 days with no change but 3 cover days. The last twenty trading days there were 6 short day, 11 days with no change but 3 cover days.
United States Oil Fund (NYSE: USO) 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 USO Short Squeeze.
United States Oil Fund (NYSE: USO) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||3,594,868|
|Total Actual Volume||80,035,007|
|Total Volume Discrepancy||72,689,779|
|No Change Days||11|
|Average Volume Discrepancy||3,634,488|
|Average Short Volume||179,743|
|Average Short Percentage||47%|
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.
United States Oil Fund (NYSE: USO) Chart
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