Upwork Inc. (NASDAQ:UPWK) Short Squeeze

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Over the past twenty days of trading, Upwork Inc. (NASDAQ: UPWK), from April 14, 2020 to May 11, 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 UPWK Short Squeeze.


Upwork Inc. (NASDAQ: UPWK) Short Squeeze Analysis

During the last five days of trading, from May 05, 2020 to May 11, 2020 UPWK had a staggering 1,399,746 shares shorted while trading a total of 10,584,449 shares as show the on UPWK short page.

The last ten days of trading, from April 28, 2020 to May 11, 2020 UPWK had a staggering 2,026,889 shares shorted while trading a total of 14,648,744 shares as show the on UPWK short page.

Over the last twenty days of trading, from April 14, 2020 to May 11, 2020 UPWK had a staggering 2,987,425 shares shorted while trading a total of 23,098,463 shares as show the on UPWK 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 3 short days, 6 days with no change but 1 cover days. The last twenty trading days there were 7 short day, 10 days with no change but 3 cover days.


Upwork Inc. (NASDAQ: UPWK) 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 UPWK Short Squeeze.


Upwork Inc. (NASDAQ: UPWK) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume2,987,425
Total Actual Volume23,098,463
Total Volume Discrepancy16,667,112

Short Trends

Cover Days3
Short Days7
No Change Days10

Averages

Average Volume Discrepancy833,355
Average Short Volume149,371
Average Short Percentage45%

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