Over the past twenty days of trading, Universal Forest Products Inc. (NASDAQ: UFPI), from January 13, 2020 to February 10, 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 UFPI Short Squeeze.
Universal Forest Products Inc. (NASDAQ: UFPI) Short Squeeze Analysis
During the last five days of trading, from February 04, 2020 to February 10, 2020 UFPI had a staggering 144,390 shares shorted while trading a total of 1,302,896 shares as show the on UFPI short page.
The last ten days of trading, from January 28, 2020 to February 10, 2020 UFPI had a staggering 238,141 shares shorted while trading a total of 2,602,265 shares as show the on UFPI short page.
Over the last twenty days of trading, from January 13, 2020 to February 10, 2020 UFPI had a staggering 466,393 shares shorted while trading a total of 5,823,538 shares as show the on UFPI short page.
According to our proprietary algorithm during the last five trading days there were 2 short days, 3 days with no change but 0 cover days. Over the last ten trading days there were 4 short days, 4 days with no change but 2 cover days. The last twenty trading days there were 6 short day, 10 days with no change but 4 cover days.
Universal Forest Products Inc. (NASDAQ: UFPI) 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 UFPI Short Squeeze.
Universal Forest Products Inc. (NASDAQ: UFPI) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||466,393|
|Total Actual Volume||5,823,538|
|Total Volume Discrepancy||4,639,650|
|No Change Days||10|
|Average Volume Discrepancy||231,982|
|Average Short Volume||23,319|
|Average Short Percentage||45%|
The Short Trend Indicator
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