Over the past twenty days of trading, Wright Medical Group N.V. (NASDAQ: WMGI), from May 11, 2020 to June 08, 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 WMGI Short Squeeze.
Wright Medical Group N.V. (NASDAQ: WMGI) Short Squeeze Analysis
During the last five days of trading, from June 02, 2020 to June 08, 2020 WMGI had a staggering 1,892,323 shares shorted while trading a total of 8,777,679 shares as show the on WMGI short page.
The last ten days of trading, from May 26, 2020 to June 08, 2020 WMGI had a staggering 4,413,882 shares shorted while trading a total of 19,806,473 shares as show the on WMGI short page.
Over the last twenty days of trading, from May 11, 2020 to June 08, 2020 WMGI had a staggering 6,099,073 shares shorted while trading a total of 34,564,967 shares as show the on WMGI 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 5 short days, 5 days with no change but 0 cover days. The last twenty trading days there were 7 short day, 7 days with no change but 6 cover days.
Wright Medical Group N.V. (NASDAQ: WMGI) 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 WMGI Short Squeeze.
Wright Medical Group N.V. (NASDAQ: WMGI) Short Squeeze Data
Twenty Day trading Totals
|Total Shorted Volume||6,099,073|
|Total Actual Volume||34,564,967|
|Total Volume Discrepancy||21,403,613|
|No Change Days||7|
|Average Volume Discrepancy||1,070,180|
|Average Short Volume||304,953|
|Average Short Percentage||44%|
The Short Trend Indicator
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