W&T Offshore Inc. (NYSE:WTI) Short Squeeze

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Over the past twenty days of trading, W&T Offshore Inc. (NYSE: WTI), 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 WTI Short Squeeze.


W&T Offshore Inc. (NYSE: WTI) Short Squeeze Analysis

During the last five days of trading, from April 17, 2020 to April 23, 2020 WTI had a staggering 5,223,613 shares shorted while trading a total of 64,639,023 shares as show the on WTI short page.

The last ten days of trading, from April 09, 2020 to April 23, 2020 WTI had a staggering 8,699,029 shares shorted while trading a total of 107,167,003 shares as show the on WTI short page.

Over the last twenty days of trading, from March 26, 2020 to April 23, 2020 WTI had a staggering 13,870,589 shares shorted while trading a total of 185,809,594 shares as show the on WTI short page.

According to our proprietary algorithm during the last five trading days there were 3 short days, 1 days with no change but 1 cover days. Over the last ten trading days there were 7 short days, 2 days with no change but 1 cover days. The last twenty trading days there were 11 short day, 7 days with no change but 2 cover days.


W&T Offshore Inc. (NYSE: WTI) 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 WTI Short Squeeze.


W&T Offshore Inc. (NYSE: WTI) Short Squeeze Data

Twenty Day trading Totals

Total Shorted Volume13,870,589
Total Actual Volume185,809,594
Total Volume Discrepancy156,597,348

Short Trends

Cover Days2
Short Days11
No Change Days7

Averages

Average Volume Discrepancy7,829,867
Average Short Volume693,529
Average Short Percentage48%

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